Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Colombia
COLCP050000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.74
Year-over-Year Change
-23.37%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Colombia measures changes in the prices paid by consumers for these household goods and services.
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 is one component of the broader Consumer Price Index, which is a key indicator of inflation and a measure of the overall cost of living in the Colombian economy. It provides insights into price trends and consumer behavior in this important household spending category.
Methodology
The Colombian statistical agency collects prices from a sample of retail outlets and service providers to calculate this CPI on a monthly basis.
Historical Context
Policymakers and analysts use this CPI data to inform economic and monetary policy decisions.
Key Facts
- The base year for this CPI is 2018.
- Furnishings and household equipment account for over 5% of the Colombian consumer's typical spending basket.
- Colombia's CPI for household goods has increased by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This CPI measures changes in the prices paid by Colombian consumers for furnishings, household equipment, and routine household maintenance services.
Q: Why is this trend relevant for users or analysts?
A: This CPI provides important insights into inflationary pressures and consumer spending patterns within a key household expenditure category in the Colombian economy.
Q: How is this data collected or calculated?
A: The Colombian statistics agency collects price data from a sample of retail outlets and service providers to calculate this CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI data to monitor inflation, assess consumer demand, and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This CPI is published monthly with a short lag, providing timely data on price trends in this household spending category.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Colombia (COLCP050000GYM), retrieved from FRED.