Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Colombia
COLCP020000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.78
Year-over-Year Change
4.64%
Date Range
12/1/2008 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Colombia tracks changes in the prices paid by consumers for these goods over time, providing insights into inflationary pressures in this sector.
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 Alcoholic Beverages, Tobacco and Narcotics is a subcomponent of the broader Consumer Price Index, which is a key economic indicator used to measure changes in the overall cost of living. This specific index is important for understanding consumption patterns and assessing the impact of price fluctuations in this category on consumer behavior and household budgets.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Policymakers and analysts use this index to inform decisions on monetary policy, taxation, and other economic interventions.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics is a subcomponent of the broader Consumer Price Index in Colombia.
- This index is used to track changes in the prices paid by consumers for these goods over time.
- The data is collected through a nationwide survey of consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Colombia measures changes in the prices paid by consumers for these goods over time.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding consumption patterns and assessing the impact of price fluctuations in this category on consumer behavior and household budgets.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform decisions on monetary policy, taxation, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the underlying consumer price survey.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Colombia (COLCP020000IXOBM), retrieved from FRED.