Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Costa Rica
CRICPGREN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.80
Year-over-Year Change
-299.52%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index (CPI) for Energy in Costa Rica measures the changes in prices paid by consumers for energy-related goods and services. This metric is crucial for economists and policymakers to understand inflation and the cost of living 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 CPI for Energy in Costa Rica is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Energy CPI specifically monitors the prices of fuels, electricity, and other energy-related items, providing insight into this key component of household expenditures.
Methodology
The data is collected by Costa Rica's National Institute of Statistics and Censuses (INEC) through regular surveys of consumer prices.
Historical Context
This energy-focused CPI is used by the Central Bank of Costa Rica and other policymakers to assess inflationary pressures and make informed economic decisions.
Key Facts
- The base year for the Costa Rica Energy CPI is 2006.
- Energy accounts for around 10% of the overall Costa Rica CPI basket.
- Electricity and transportation fuels are the largest components of the Energy CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Costa Rica measures the changes in prices paid by consumers for energy-related goods and services, such as electricity, gasoline, and other fuels.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI is crucial for understanding inflation and the cost of living in Costa Rica, as energy is a significant component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected by Costa Rica's National Institute of Statistics and Censuses (INEC) through regular surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Costa Rica Energy CPI is used by the Central Bank and other policymakers to assess inflationary pressures and make informed economic decisions.
Q: Are there update delays or limitations?
A: The Costa Rica Energy CPI data is published monthly with minimal update delays, providing timely information to analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Costa Rica (CRICPGREN01GYM), retrieved from FRED.