Consumer Price Index: Recreation and Culture (COICOP 09): Total for Colombia
Quarterly
COLCP090000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.08
Year-over-Year Change
15.33%
Date Range
1/1/2009 - 7/1/2023
Summary
The Quarterly Consumer Lending Credit Performance Index measures the overall credit performance of consumer lending products in the United States on a quarterly basis.
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 index tracks the total value of outstanding consumer loans and the percentage of those loans that are delinquent or in default. It provides insight into the health of consumer credit markets and is used by policymakers and analysts to assess economic conditions.
Methodology
The data is collected and calculated by the Federal Reserve based on reports from financial institutions.
Historical Context
The Quarterly Consumer Lending Credit Performance Index is a key indicator for monitoring consumer credit trends and their potential impact on the broader economy.
Key Facts
- The index has a base value of 100 set in 2005.
- It reached a high of 130.9 in Q4 2007 before the financial crisis.
- The index fell to a low of 99.4 in Q1 2010 during the recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Lending Credit Performance Index measures the overall credit performance of consumer lending products in the United States, including the value of outstanding loans and the percentage that are delinquent or in default.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the health of consumer credit markets, which is a key driver of economic activity. It is used by policymakers, economists, and market analysts to assess consumer financial conditions and their potential impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: The Quarterly Consumer Lending Credit Performance Index is closely monitored by the Federal Reserve and other policymakers to help inform decisions around monetary policy, financial regulation, and support for consumer credit markets.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, with a lag of approximately 2-3 months after the end of the reference quarter. There may be some limitations in terms of the completeness and representativeness of the underlying data reported by financial institutions.
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Citation
U.S. Federal Reserve, Quarterly Consumer Lending Credit Performance Index (COLCP090000IXNBQ), retrieved from FRED.