Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Colombia
COLCP080000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.22
Year-over-Year Change
-89.44%
Date Range
1/1/2010 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Colombia measures the changes in prices for communication-related goods and services. This key economic indicator provides insights into inflation and consumer spending trends in the Colombian communication sector.
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 CPI for Communication in Colombia is part of the broader Consumer Price Indices (CPIs) and Harmonised Indices of Consumer Prices (HICPs) data series, which track price changes for a representative basket of consumer goods and services. The Communication CPI is a subcomponent that specifically monitors inflation in the communication category.
Methodology
The data is collected through a nationwide survey of prices paid by Colombian consumers.
Historical Context
The Communication CPI is used by policymakers, economists, and market analysts to understand cost-of-living trends and assess inflationary pressures in the Colombian economy.
Key Facts
- The base year for the Communication CPI is 2018.
- Colombia's Communication CPI reached a record high in 2022.
- The Communication CPI is one of 12 major CPI subindices tracked in Colombia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Communication in Colombia measures the changes in prices for communication-related goods and services, such as telephone, internet, and postal charges.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides important insights into inflationary pressures and consumer spending patterns in the Colombian communication sector, which is crucial for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of prices paid by Colombian consumers for a representative basket of communication goods and services.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the Colombian government, central bank, and other policymakers to monitor inflation, guide monetary policy decisions, and assess the overall cost-of-living trends in the country.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly by the Colombian statistical agency, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Colombia (COLCP080000GYQ), retrieved from FRED.