Consumer Price Index: OECD Groups: Services: Total for Costa Rica
CRICPGRSE01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
33.40%
Date Range
4/1/1995 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Services in Costa Rica tracks changes in the prices of various service-related goods and services. This metric is crucial for understanding inflation and cost-of-living trends 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 Services in Costa Rica is a key economic indicator that measures the weighted average change in prices of a basket of consumer services. It provides insights into the purchasing power of consumers and overall inflationary pressures in the service sector.
Methodology
The data is collected through surveys of businesses and households by the Costa Rican National Institute of Statistics and Censuses.
Historical Context
Policymakers and analysts use this CPI data to inform monetary and fiscal policies, as well as to assess the state of the Costa Rican economy.
Key Facts
- Costa Rica's CPI for Services reached a high of 104.7 in 2022.
- The services sector accounts for over 60% of Costa Rica's GDP.
- Monitoring CPI for Services helps policymakers manage cost-of-living pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Costa Rica measures the weighted average change in prices of a basket of consumer services in the country.
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's service sector, which is a major driver of the country's economy.
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 Censuses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI data to inform monetary and fiscal policies, as well as to assess the state of the Costa Rican economy.
Q: Are there update delays or limitations?
A: The CPI for Services in Costa Rica is published on a regular basis, but there may be some delays in data availability.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Costa Rica
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services: Total for Costa Rica (CRICPGRSE01GPQ), retrieved from FRED.