Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Colombia
Quarterly
COLCP050000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.61
Year-over-Year Change
33.65%
Date Range
1/1/2009 - 7/1/2023
Summary
The Quarterly Producer Price Index for Commodities tracks changes in the wholesale prices of a broad basket of goods. It is a key economic indicator monitored by policymakers and analysts for insights into inflation pressures.
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 Quarterly Producer Price Index for Commodities (COLCP050000IXNBQ) measures the average change over time in the selling prices received by domestic producers for their output. It covers a wide range of raw materials, intermediate goods, and finished products, providing a comprehensive view of producer price dynamics.
Methodology
The data is collected through a survey of domestic producers and calculated as a weighted index by the U.S. Bureau of Labor Statistics.
Historical Context
The Quarterly PPI is closely watched by the Federal Reserve and other policymakers as an early signal of potential consumer price inflation.
Key Facts
- The Quarterly PPI covers over 10,000 products and services.
- The index has a base year of 2012 = 100.
- PPI data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Producer Price Index for Commodities measures the average change in wholesale prices received by domestic producers for their goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly PPI is a key leading indicator of potential consumer price inflation, providing insights into upstream pricing pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of domestic producers and calculated as a weighted index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly PPI is closely monitored by the Federal Reserve and other policymakers as an early signal of potential inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The Quarterly PPI data is released monthly by the Bureau of Labor Statistics with a lag of approximately 2 weeks.
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Citation
U.S. Federal Reserve, Quarterly Producer Price Index for Commodities (COLCP050000IXNBQ), retrieved from FRED.