Consumer Price Index: OECD Groups: Services: Total for Costa Rica
CRICPGRSE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.48
Year-over-Year Change
-342.02%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Services in Costa Rica measures changes in the prices paid by consumers for a basket of services, providing insight into inflation and cost-of-living trends.
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 Services in Costa Rica is a key economic indicator that tracks the prices of various services purchased by households, such as housing, utilities, transportation, and recreation. It is used to assess the overall price changes in the service sector and monitor the country's inflationary environment.
Methodology
The data is collected through surveys of businesses and households by the Costa Rican National Institute of Statistics and Census.
Historical Context
Policymakers and economists use this CPI data to inform monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Key Facts
- The CPI for Services in Costa Rica has a base year of 2018.
- Services account for over 60% of Costa Rica's gross domestic product.
- Costa Rica's CPI for Services has shown moderate annual increases in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Costa Rica measures changes in the prices paid by consumers for a basket of services, including housing, utilities, transportation, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This CPI data is crucial for understanding inflation and cost-of-living trends in Costa Rica, and it helps policymakers and economists make informed decisions about monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the Costa Rican National Institute of Statistics and Census.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI data to inform policies aimed at maintaining price stability and supporting economic growth in Costa Rica.
Q: Are there update delays or limitations?
A: The CPI for Services in Costa Rica is published monthly with a relatively short delay, providing timely data for analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for Costa Rica (CRICPGRSE01GPM), retrieved from FRED.