Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Costa Rica
CRICP110000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
171.38%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels (COICOP 11) measures the changes in prices paid by consumers in Costa Rica for services related to dining out, lodging, and recreation. This metric is a key indicator of inflation and cost-of-living trends.
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 Restaurants and Hotels is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the hospitality and leisure sector, providing insights into inflationary pressures in the tourism and dining industries.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Costa Rican National Institute of Statistics and Census.
Historical Context
Policymakers and economists use this indicator to assess the state of the Costa Rican economy and make informed decisions about monetary and fiscal policies.
Key Facts
- The base year for the CPI for Restaurants and Hotels in Costa Rica is 2018.
- This index accounts for approximately 11% of the overall Consumer Price Index in Costa Rica.
- Prices for restaurant meals and hotel stays have a significant impact on the cost of living and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Restaurants and Hotels (COICOP 11) measures the changes in prices paid by consumers in Costa Rica for services related to dining out, lodging, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures in the hospitality and leisure sectors, which are crucial components of the Costa Rican economy and impact the cost of living for consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the Costa Rican National Institute of Statistics and Census.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the state of the Costa Rican economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Restaurants and Hotels in Costa Rica is published monthly, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Costa Rica (CRICP110000GPM), retrieved from FRED.