Consumer Price Index: All Items: Total for Costa Rica
CRICPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.69
Year-over-Year Change
5.48%
Date Range
1/1/1976 - 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. It is a key indicator of inflation and a critical economic metric for policymakers and analysts.
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 All Items: Total in Costa Rica tracks the average change in prices of a diverse set of consumer goods and services, including food, housing, transportation, and healthcare. It is used to assess the purchasing power of the Costa Rican currency and to adjust economic policies accordingly.
Methodology
The Costa Rican National Institute of Statistics and Censuses (INEC) collects price data from a sample of retail establishments and service providers to calculate the CPI.
Historical Context
The CPI is closely monitored by the Central Bank of Costa Rica to help guide monetary policy decisions and manage inflation.
Key Facts
- The CPI base year in Costa Rica is 2019.
- Costa Rica's CPI reached a high of 105.72 in January 2023.
- Inflation in Costa Rica was 5.1% year-over-year as of January 2023.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items: Total in Costa Rica measures the average 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 in Costa Rica and is closely monitored by policymakers and economists to assess the purchasing power of the national currency and guide economic policies.
Q: How is this data collected or calculated?
A: The Costa Rican National Institute of Statistics and Censuses (INEC) collects price data from a sample of retail establishments and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is used by the Central Bank of Costa Rica to help guide monetary policy decisions and manage inflation in the country.
Q: Are there update delays or limitations?
A: The CPI data for Costa Rica is typically released on a monthly basis, with a short delay. There may be some limitations in the sample size and coverage of the price data collection.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Costa Rica (CRICPALTT01IXNBQ), retrieved from FRED.