Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Colombia
Quarterly
COLCP020000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.21
Year-over-Year Change
251.88%
Date Range
4/1/2009 - 7/1/2023
Summary
The Quarterly trend measures changes in the Consumer Price Index (CPI) for all urban consumers on a quarterly basis. This key inflation indicator is closely monitored by policymakers, analysts, and the public.
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 Quarterly CPI measures the average change in prices paid by urban consumers for a basket of consumer goods and services. It is a leading indicator of inflation and an important metric for understanding the overall cost of living.
Methodology
The CPI data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Quarterly CPI informs Federal Reserve monetary policy and is a crucial input for economic analysis and forecasting.
Key Facts
- The CPI basket includes food, housing, transportation, and other consumer goods and services.
- Quarterly CPI data is released approximately two weeks after the end of each quarter.
- The Federal Reserve targets an annual CPI inflation rate of around 2% as part of its dual mandate.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures changes in the Consumer Price Index (CPI) for all urban consumers on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly CPI is a key indicator of inflation and the overall cost of living, making it essential for policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The CPI data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly CPI informs Federal Reserve monetary policy and is a crucial input for economic analysis and forecasting.
Q: Are there update delays or limitations?
A: Quarterly CPI data is released approximately two weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly (COLCP020000GPQ), retrieved from FRED.