Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Costa Rica
CRICP110000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.17
Year-over-Year Change
4.64%
Date Range
1/1/1995 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Restaurants and Hotels in Costa Rica measures changes in the prices of food service and accommodation services. This metric is important for economists and policymakers to understand inflationary pressures and consumer spending patterns.
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 Restaurants and Hotels CPI is a component of the broader Consumer Price Index (CPI) in Costa Rica. It tracks the prices paid by consumers for dining out, including meals and beverages, as well as for lodging services like hotels. This data provides insights into both the cost of living and consumer behavior.
Methodology
The Costa Rican government's National Institute of Statistics and Census collects price data from a sample of establishments to calculate the Restaurants and Hotels CPI.
Historical Context
The Restaurants and Hotels CPI is useful for analyzing domestic demand, consumer confidence, and the overall state of the Costa Rican economy.
Key Facts
- Costa Rica's Restaurants and Hotels CPI has a base year of 2016.
- The Restaurants and Hotels component accounts for around 7% of the total CPI basket in Costa Rica.
- Prices in the Restaurants and Hotels sector have generally risen faster than overall inflation in Costa Rica in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Restaurants and Hotels in Costa Rica measures changes in the prices paid by consumers for food service and accommodation services.
Q: Why is this trend relevant for users or analysts?
A: The Restaurants and Hotels CPI provides important insights into inflationary pressures, consumer spending patterns, and the overall state of the Costa Rican economy.
Q: How is this data collected or calculated?
A: The Costa Rican government's National Institute of Statistics and Census collects price data from a sample of establishments to calculate the Restaurants and Hotels CPI.
Q: How is this trend used in economic policy?
A: The Restaurants and Hotels CPI is used by economists and policymakers to analyze domestic demand, consumer confidence, and inflationary trends in Costa Rica.
Q: Are there update delays or limitations?
A: The Restaurants and Hotels CPI for Costa Rica is published monthly with minimal update delays, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Costa Rica (CRICP110000IXOBQ), retrieved from FRED.