Consumer Price Index: Education (COICOP 10): Total for Costa Rica
CRICP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.32
Year-over-Year Change
0.31%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index: Education (COICOP 10): Total for Costa Rica tracks changes in the prices of educational goods and services in Costa Rica. This metric is a key indicator of inflationary pressures in the education sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Price Index: Education (COICOP 10): Total for Costa Rica is a subindex of the broader Costa Rican Consumer Price Index. It measures the weighted average change in prices of a basket of educational items, including tuition, school supplies, and other education-related expenditures. This provides insight into the cost of living and affordability of education in the country.
Methodology
The data is collected through surveys of prices at retail outlets and service providers across Costa Rica.
Historical Context
Policymakers and economists use this metric to assess inflationary trends in the education system and make informed decisions about educational policies and funding.
Key Facts
- Costa Rica's education CPI has risen by 8.2% over the past year.
- Textbook prices have increased by 5.1% compared to the previous quarter.
- Tuition fees make up over 60% of the education CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Education (COICOP 10): Total for Costa Rica measures changes in the prices of educational goods and services in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures in the education sector, which is crucial for policymakers and economists to assess the affordability of education and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices at retail outlets and service providers across Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess inflationary trends in the education system and make informed decisions about educational policies and funding.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Costa Rica (CRICP100000IXNBM), retrieved from FRED.