Consumer Price Index: All Items: Total for Costa Rica
CRICPALTT01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.72
Year-over-Year Change
101.61%
Date Range
4/1/1976 - 10/1/2021
Summary
The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services in Costa Rica. This key economic indicator is closely monitored by policymakers to track inflation and make informed decisions.
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 Costa Rica CPI tracks the weighted average change in prices for a representative basket of consumer goods and services. It is a vital metric for understanding the purchasing power of the Costa Rican colón and the overall state of the nation's economy.
Methodology
The Costa Rica CPI is calculated by the Central Bank of Costa Rica based on a survey of consumer expenditures.
Historical Context
The CPI is a crucial input for Costa Rican monetary and fiscal policy, as well as a reference point for businesses and consumers.
Key Facts
- The CPI base year is 2018.
- Costa Rica's CPI reached a high of 105.31 in January 2023.
- The CPI is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: The Costa Rica CPI is a key indicator of inflation and the purchasing power of the Costa Rican colón, making it crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Costa Rica CPI is calculated by the Central Bank of Costa Rica based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The CPI is a crucial input for Costa Rican monetary and fiscal policy, as it helps the government and central bank monitor and manage inflation.
Q: Are there update delays or limitations?
A: The Costa Rica CPI is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Costa Rica (CRICPALTT01GPQ), retrieved from FRED.