Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Colombia
COLCP040400IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.76
Year-over-Year Change
11.49%
Date Range
12/1/2008 - 11/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Colombia measures changes in the prices of water supply and other housing-related services in Colombia. This data is critical for economists and policymakers to understand inflation pressures in the Colombian housing market.
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
This index tracks the prices of water supply, refuse collection, and other miscellaneous services related to housing in Colombia. It is a component of the broader Housing, Water, Electricity, Gas and Other Fuels price index, providing insight into a key area of consumer expenditure and inflationary dynamics.
Methodology
The data is collected through surveys of Colombian households and businesses by the country's national statistics agency.
Historical Context
This index helps policymakers and analysts assess the state of the Colombian housing market and overall cost of living.
Key Facts
- The index has a base year of 2018 = 100.
- Water supply accounts for the largest component of this index.
- Colombia's water infrastructure and services have seen steady price increases in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of water supply, refuse collection, and other miscellaneous services related to housing in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This data provides crucial insight into a key component of consumer inflation and the overall cost of living in Colombia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Colombian households and businesses by the country's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Colombian housing market and overall cost of living, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions by the statistics agency.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Colombia (COLCP040400IXNBM), retrieved from FRED.