Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Colombia
COLCP040000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-3854.81%
Date Range
4/1/2009 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Colombia measures changes in the prices paid by consumers for these essential goods and services. This metric is a key indicator of inflation and living costs for Colombian households.
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 Housing, Water, Electricity, Gas and Other Fuels is a subcomponent of the overall Consumer Price Index that tracks price movements specifically within this expenditure category. It provides insight into cost-of-living pressures and informs economic policymaking.
Methodology
The Colombian national statistics agency collects price data from a representative sample of households to calculate this CPI series.
Historical Context
Policymakers and analysts use this CPI metric to assess inflationary trends and guide decisions on monetary policy, social programs, and other economic interventions.
Key Facts
- Colombia's CPI for Housing, Water, Electricity, Gas and Other Fuels has a base year of 2018.
- This CPI component accounts for over 30% of the total Colombian Consumer Price Index basket.
- Housing costs are a major driver of inflation in Colombia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels measures changes in the prices paid by Colombian consumers for these essential goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric provides important insights into inflationary pressures and the cost of living for Colombian households, informing economic policymaking and household budgeting.
Q: How is this data collected or calculated?
A: The Colombian national statistics agency collects price data from a representative sample of households to calculate this CPI series.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI metric to assess inflationary trends and guide decisions on monetary policy, social programs, and other economic interventions.
Q: Are there update delays or limitations?
A: The CPI for Housing, Water, Electricity, Gas and Other Fuels is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Colombia (COLCP040000GPQ), retrieved from FRED.