Consumer Price Index: OECD Groups: Goods: Total for Costa Rica
CRICPGRGO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.27
Year-over-Year Change
131.41%
Date Range
4/1/1995 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Goods: Total in Costa Rica measures changes in the prices of a basket of consumer goods. This metric is a key indicator of inflation and consumer purchasing power in the Costa Rican economy.
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 Goods: Total in Costa Rica tracks the change in prices for a representative basket of consumer goods, excluding services. It is a widely used metric for monitoring inflation and cost-of-living trends, and helps guide economic policymaking.
Methodology
The data is collected through surveys of retail establishments and calculated as a weighted average price index.
Historical Context
CPI data is closely watched by the Central Bank of Costa Rica and international institutions to assess economic conditions and guide monetary and fiscal policies.
Key Facts
- The base year for the Costa Rica Goods CPI is 2010.
- Goods make up approximately 50% of the overall CPI basket in Costa Rica.
- CPI data is released monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Goods: Total in Costa Rica measures changes in the prices of a basket of consumer goods, excluding services.
Q: Why is this trend relevant for users or analysts?
A: CPI data is a key indicator of inflation and consumer purchasing power, and is closely watched by policymakers and economists to assess economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a weighted average price index.
Q: How is this trend used in economic policy?
A: CPI data is used by the Central Bank of Costa Rica and international institutions to guide monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The Costa Rica Goods CPI is reported monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Costa Rica (CRICPGRGO01GPQ), retrieved from FRED.