Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Colombia
Quarterly
COLCP030000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
-153.47%
Date Range
4/1/2009 - 7/1/2023
Summary
The Quarterly trend measures the quarterly percentage change in consumer prices, a key indicator of inflation. It is closely watched by economists and policymakers to assess the overall price stability in the U.S. economy.
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 trend tracks the quarterly percentage change in the Consumer Price Index (CPI), a widely used measure of inflation. It provides insights into the pace of price changes across a broad range of consumer goods and services, which is essential for economic analysis and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through a monthly survey of consumer expenditures.
Historical Context
The Quarterly trend is a crucial input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain stable prices and moderate inflation.
Key Facts
- The Quarterly trend is reported as a percentage change from the previous quarter.
- It is a seasonally adjusted measure to account for regular fluctuations in consumer prices.
- The Federal Reserve closely monitors the Quarterly trend as part of its mandate to maintain price stability.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the quarterly percentage change in the Consumer Price Index (CPI), a widely used measure of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly trend is a key indicator of price stability and inflation, which are crucial for economic analysis, forecasting, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through a monthly survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Quarterly trend is a crucial input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain stable prices and moderate inflation.
Q: Are there update delays or limitations?
A: The Quarterly trend data is published with a lag, typically a few weeks after the end of the quarter. There may also be revisions to the data over time.
Related Trends
Consumer Price Index: Education (COICOP 10): Total for Colombia
COLCP100000IXNBQ
Production: Manufacturing: Total Manufacturing for Colombia
COLPRMNTO01GYSAM
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Colombia
COLLFEM55TTSTM
Number of Identified Exporters to Colombia from Connecticut
CTCOLA475SCEN
Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Colombia
COLFCNODDHNUM
Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Colombia
COLFCSODDHXDC
Citation
U.S. Federal Reserve, Quarterly (COLCP030000GPQ), retrieved from FRED.