Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Colombia
COLCP040000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.51
Year-over-Year Change
8.75%
Date Range
12/1/2008 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Colombia measures changes in the prices of these essential household expenses. It is a key indicator of inflationary pressures and living costs for Colombian consumers.
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 (COICOP 04) tracks the prices of a basket of goods and services related to maintaining and operating a household in Colombia. This data is used by policymakers, economists, and the public to assess the overall cost of living and inform economic decision-making.
Methodology
The data is collected monthly by Colombia's national statistics agency through surveys of households and businesses.
Historical Context
Trends in this CPI component are closely monitored by the Central Bank of Colombia and factored into monetary policy decisions.
Key Facts
- The CPI for Housing, Water, Electricity, Gas and Other Fuels accounts for over 25% of the total CPI basket in Colombia.
- This CPI component has increased by an average of 4.5% annually over the past 5 years.
- Housing and utility costs are the second-largest category of household expenditures for Colombian consumers.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels in Colombia measures changes in the prices of essential household expenses.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflationary pressures and the overall cost of living for Colombian consumers, making it highly relevant for policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The data is collected monthly by Colombia's national statistics agency through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: Trends in this CPI component are closely monitored by the Central Bank of Colombia and factored into their monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is released with a short lag, typically within a month of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Colombia (COLCP040000IXNBM), retrieved from FRED.