Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Colombia
COLCP040200GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
196.91%
Date Range
1/1/2010 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Imputed Rentals for Housing in Colombia is a key economic indicator that measures changes in the cost of housing for consumers. This metric is crucial for understanding inflation and cost-of-living trends in the country.
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 Imputed Rentals for Housing in Colombia represents the estimated rent that owner-occupiers would have to pay to rent their homes. This index is an important component of the overall CPI, as housing costs are a significant portion of most household budgets.
Methodology
The data is collected through surveys of Colombian households and property owners.
Historical Context
Policymakers use this CPI component to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- Colombia's CPI for Imputed Rentals for Housing has increased by 4.2% over the past year.
- Housing costs account for over 20% of the average Colombian household's expenditures.
- The CPI for Imputed Rentals is a key input for the country's overall Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The CPI for Imputed Rentals for Housing in Colombia measures the estimated cost of housing for owner-occupied dwellings in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflation and cost-of-living pressures faced by Colombian consumers, as housing is a significant component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Colombian households and property owners.
Q: How is this trend used in economic policy?
A: Policymakers use this CPI component to assess inflationary pressures and guide monetary policy decisions in Colombia.
Q: Are there update delays or limitations?
A: The CPI for Imputed Rentals for Housing in Colombia is published on a monthly basis with a short lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Colombia (COLCP040200GYQ), retrieved from FRED.