Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Costa Rica
CRICPGREN01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
-93.09%
Date Range
4/1/1995 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Energy in Costa Rica measures the change in prices for fuel, electricity, and gasoline over time. This metric is important for economists and policymakers to understand inflation and the cost-of-living dynamics in the country.
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 Energy CPI for Costa Rica is a subcomponent of the overall CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. The Energy CPI specifically focuses on changes in energy-related costs, providing insights into the inflationary pressures and purchasing power in this key economic sector.
Methodology
The data is collected through surveys of consumers and businesses by the national statistics agency.
Historical Context
Policymakers use this indicator to inform decisions on energy subsidies, taxation, and broader macroeconomic policies.
Key Facts
- The Energy CPI accounts for approximately 10% of the overall CPI basket in Costa Rica.
- Gasoline prices make up the largest component of the Energy CPI in Costa Rica.
- Energy prices in Costa Rica have risen by an average of 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Costa Rica measures the changes in prices for fuel, electricity, and gasoline over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures and the cost-of-living dynamics in the energy sector, which is crucial for economic policymaking and consumer analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses by the national statistics agency in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to inform decisions on energy subsidies, taxation, and broader macroeconomic policies in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 week delay, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Costa Rica (CRICPGREN01GPQ), retrieved from FRED.