Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Colombia
COLCP010000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.58
Year-over-Year Change
-80.00%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Colombia measures the changes in prices paid by consumers for these essential goods over time. This metric 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 Food and Non-Alcoholic Beverages CPI is a subcomponent of the broader Colombian CPI, which tracks the weighted average change in prices for a basket of consumer goods and services. Economists and policymakers closely monitor this index to assess the cost of living and guide monetary and fiscal policies.
Methodology
The Colombian statistics agency, DANE, collects price data from a sample of retail outlets to calculate the CPI.
Historical Context
Central banks use the CPI to set interest rates and manage inflation, while analysts follow the data to understand consumer demand and economic conditions.
Key Facts
- Colombia's Food and Non-Alcoholic Beverages CPI has a base year of 2019.
- This CPI subindex accounts for approximately 28% of the total Colombian CPI basket.
- The CPI is published monthly by Colombia's national statistics agency, DANE.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Colombia measures the changes in prices paid by consumers for these essential goods over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex is a key indicator of inflation and consumer purchasing power, which are crucial factors for economists, policymakers, and market analysts to monitor.
Q: How is this data collected or calculated?
A: The Colombian statistics agency, DANE, collects price data from a sample of retail outlets to calculate the CPI.
Q: How is this trend used in economic policy?
A: Central banks use the CPI to set interest rates and manage inflation, while analysts follow the data to understand consumer demand and economic conditions.
Q: Are there update delays or limitations?
A: The CPI is published monthly by Colombia's national statistics agency, DANE, with no significant update delays.
Related Trends
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Colombia
COLFCIODDNUM
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Colombia
COLLRUNTTTTSTSAM
Bank Capital to Total Assets for Colombia
DDSI03COA156NWDB
National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Colombia
COLNAEXKP06GYSAQ
Number of Identified Exporters to Colombia from Louisiana
LACOLA475SCEN
General Government Gross Debt for Colombia
COLGGXWDGGDP
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Colombia (COLCP010000GYQ), retrieved from FRED.