Consumer Price Index: All Items: Total for Costa Rica
CRICPALTT01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
108.38%
Date Range
2/1/1976 - 1/1/2022
Summary
The Consumer Price Index (CPI) for All Items in Costa Rica measures the overall change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and helps policymakers assess the cost of living and guide monetary policy.
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 All Items index for Costa Rica tracks the average change in prices paid by consumers across a wide range of goods and services, including food, housing, transportation, and other expenditures. It is a widely used metric for understanding the purchasing power of Costa Rican consumers and the overall state of the country's economy.
Methodology
The Costa Rican statistical agency collects price data from a sample of businesses and households to calculate the CPI on a monthly basis.
Historical Context
The CPI is a crucial input for Costa Rican policymakers as they seek to maintain price stability and promote economic growth.
Key Facts
- Costa Rica's CPI has increased by an average of 4.5% annually over the past decade.
- Food and non-alcoholic beverages account for the largest component of the CPI basket at 34%.
- The Central Bank of Costa Rica targets an inflation rate between 2-4% as part of its monetary policy objectives.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items in Costa Rica measures the overall change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and the cost of living in Costa Rica, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Costa Rican statistical agency collects price data from a sample of businesses and households to calculate the CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: The CPI is a crucial input for Costa Rican policymakers as they seek to maintain price stability and promote economic growth.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Costa Rican statistical agency, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Costa Rica (CRICPALTT01GPM), retrieved from FRED.