Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Colombia
COLCP040500IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
231.17
Year-over-Year Change
45.46%
Date Range
1/1/2009 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Colombia measures changes in the cost of these essential household utilities over time.
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 CPI subcomponent tracks price movements for a basket of electricity, natural gas, and other household fuel products. It is a key indicator for understanding inflation pressures and consumer purchasing power in the Colombian economy.
Methodology
The data is collected through monthly price surveys of a representative sample of goods and services across Colombia.
Historical Context
Policymakers and analysts use this index to assess the impact of utility costs on household budgets and overall consumer price trends.
Key Facts
- Colombia's CPI for Electricity, Gas and Other Fuels has a base year of 1999.
- This index accounts for over 4% of the total Colombian CPI basket.
- Utility costs are a major component of household budgets in Colombia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Colombia tracks changes in the prices of these essential household utilities over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI subcomponent is a key indicator for understanding inflation pressures and consumer purchasing power in the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly price surveys of a representative sample of goods and services across Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of utility costs on household budgets and overall consumer price trends.
Q: Are there update delays or limitations?
A: There may be a short delay in data reporting, but the Colombian CPI is generally published on a timely basis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Colombia (COLCP040500IXOBQ), retrieved from FRED.