Consumer Price Index for Costa Rica
DDOE02CRA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.46
Year-over-Year Change
94.51%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Costa Rica is a key economic indicator that measures the changes in the prices of a basket of consumer goods and services over time. It is widely used to assess the country's inflation rate and cost of living.
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 Costa Rican CPI tracks the price changes of a representative sample of consumer items, including food, housing, transportation, and other household expenses. It is a valuable tool for economists, policymakers, and the public to understand the purchasing power of the Costa Rican currency and inform economic decision-making.
Methodology
The CPI data is collected by Costa Rica's National Institute of Statistics and Censuses through regular surveys of prices across the country.
Historical Context
The CPI is a crucial metric for the Central Bank of Costa Rica in formulating and evaluating monetary policies aimed at maintaining price stability.
Key Facts
- Costa Rica's CPI is measured monthly.
- The CPI base year is 2018.
- The CPI covers approximately 300 goods and services in the consumer basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Costa Rica measures the changes in the prices of a basket of consumer goods and services over time, providing a gauge of the country's inflation rate and cost of living.
Q: Why is this trend relevant for users or analysts?
A: The Costa Rican CPI is a crucial indicator for economists, policymakers, and the public to understand the purchasing power of the Costa Rican currency and inform economic decision-making, such as monetary policy and consumer spending.
Q: How is this data collected or calculated?
A: The CPI data is collected by Costa Rica's National Institute of Statistics and Censuses through regular surveys of prices across the country.
Q: How is this trend used in economic policy?
A: The CPI is a crucial metric for the Central Bank of Costa Rica in formulating and evaluating monetary policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The CPI data is reported monthly, with a typical release lag of a few weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index for Costa Rica (DDOE02CRA086NWDB), retrieved from FRED.