Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Costa Rica
CRICP100000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.17
Year-over-Year Change
0.31%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Education in Costa Rica tracks changes in the prices of educational goods and services purchased by consumers. This important economic indicator provides insights into inflation and cost-of-living trends for education.
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 CPI for Education in Costa Rica is part of the broader Harmonized Indices of Consumer Prices (HICPs), a system of consumer price indices used across the European Union and other countries to measure changes in the prices of consumer goods and services. The Education CPI specifically focuses on tracking prices for educational items like tuition, textbooks, and other education-related expenses.
Methodology
The data is collected through regular surveys of consumer prices across Costa Rica.
Historical Context
Policymakers and economists use this index to understand inflationary pressures and the relative affordability of education for Costa Rican households.
Key Facts
- The CPI for Education in Costa Rica has a base year of 1999.
- Education accounts for approximately 4% of the Costa Rican consumer price index basket.
- Prices for educational goods and services have risen by 25% in Costa Rica since 2015.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Costa Rica measures changes in the prices of educational goods and services purchased by consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflation and cost-of-living trends for education, which is a key component of household budgets and a critical policy issue.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices across Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to understand inflationary pressures and the relative affordability of education for Costa Rican households.
Q: Are there update delays or limitations?
A: The CPI for Education in Costa Rica is updated monthly, with a typical 1-2 month publication delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Costa Rica (CRICP100000IXOBM), retrieved from FRED.