Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Costa Rica
CRICPGRGO01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.48
Year-over-Year Change
166.59%
Date Range
1/1/1996 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Goods in Costa Rica measures the change in prices paid by consumers for a basket of goods, excluding services. It is a key indicator of inflation and consumer purchasing power.
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 in Costa Rica is a subindex of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The Goods CPI is an important metric for understanding trends in the cost of living and consumer spending.
Methodology
The data is collected through surveys of retail establishments and households by the Costa Rican national statistics agency.
Historical Context
Policymakers and economists use the CPI for Goods to assess inflationary pressures and inform monetary and fiscal policy decisions.
Key Facts
- The CPI for Goods in Costa Rica has a base year of 2020.
- Goods account for approximately 60% of the total CPI basket in Costa Rica.
- The Goods CPI is published monthly by the Costa Rican national statistics agency.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Goods in Costa Rica measures the change in prices paid by consumers for a basket of goods, excluding services.
Q: Why is this trend relevant for users or analysts?
A: The Goods CPI is an important indicator of inflationary pressures and consumer purchasing power, which informs policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the Costa Rican national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the CPI for Goods to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Goods CPI is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Costa Rica (CRICPGRGO01GYQ), retrieved from FRED.