Inflation, consumer prices for Costa Rica
FPCPITOTLZGCRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.41
Year-over-Year Change
-109.20%
Date Range
1/1/1960 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Costa Rica measures the change in the prices of a basket of consumer goods and services. This key economic indicator provides insights into the rate of inflation and helps guide monetary policy decisions.
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 Costa Rica tracks the prices of a representative sample of consumer goods and services, including food, housing, transportation, and other expenditures. It is a widely used metric for assessing the purchasing power of the Costa Rican currency and the overall cost of living in the country.
Methodology
The data is collected through surveys of retail establishments and households by the Central Bank of Costa Rica.
Historical Context
Policymakers and analysts use the Costa Rican CPI to inform decisions about interest rates, exchange rates, and other economic policies.
Key Facts
- Costa Rica's CPI is based on a basket of over 300 consumer goods and services.
- The CPI is published monthly by the Central Bank of Costa Rica.
- The base year for the Costa Rican CPI is 2018.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Costa Rica measures the change in the prices of a basket of consumer goods and services, providing a key indicator of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The Costa Rican CPI is a crucial metric for understanding the purchasing power of the national currency and the overall cost of living, which informs economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Costa Rican CPI to guide decisions about interest rates, exchange rates, and other economic policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The Costa Rican CPI is published monthly, with a short delay, and is considered a reliable and comprehensive measure of consumer prices in the country.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Costa Rica (FPCPITOTLZGCRI), retrieved from FRED.