Consumer Price Index: Health (COICOP 06): Total for Colombia
Quarterly
COLCP060000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.38
Year-over-Year Change
23.58%
Date Range
1/1/2009 - 7/1/2023
Summary
The Quarterly trend measures changes in the Consumer Price Index (CPI) for Fuel Oil and Other Fuels on a quarterly basis. This data is a key indicator of consumer price inflation and energy costs.
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 Consumer Price Index for Fuel Oil and Other Fuels tracks price changes for home heating fuels and other energy products purchased by consumers. It is an important metric for understanding consumer spending, energy markets, and broader price trends.
Methodology
The data is collected through a monthly survey of consumer prices by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess energy price dynamics and their impact on the broader economy.
Key Facts
- The Quarterly CPI for Fuel Oil and Other Fuels has a base year of 1982-84 = 100.
- This index reached an all-time high of 487.3 in June 2022.
- Fuel oil and other fuels account for around 4% of the total Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Price Index for Fuel Oil and Other Fuels tracks price changes for home heating fuels and other energy products purchased by consumers.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of consumer price inflation and energy costs, which are closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer prices by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess energy price dynamics and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The Quarterly CPI for Fuel Oil and Other Fuels is released on a regular schedule by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Quarterly (COLCP060000IXNBQ), retrieved from FRED.