Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Colombia
COLCP100000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.38
Year-over-Year Change
-35.35%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Education in Colombia measures changes in the prices paid by consumers for educational goods and services. This metric is a key indicator of inflationary pressures and consumer purchasing power in the education 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 Education in Colombia is a subcomponent of the broader Consumer Price Index, which tracks price changes across a basket of consumer goods and services. The education CPI is used by policymakers, economists, and analysts to assess cost-of-living trends and gauge the affordability of education for Colombian households.
Methodology
The Colombian statistical agency collects price data from a sample of educational institutions and vendors to calculate the monthly CPI for Education.
Historical Context
The education CPI is a critical input for government budgeting, monetary policy decisions, and assessments of the Colombian education system's accessibility.
Key Facts
- The CPI for Education in Colombia has a base year of 1999.
- Education accounts for approximately 3% of the Colombian consumer price index basket.
- Education costs have risen faster than the overall Colombian CPI in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Colombia measures changes in the prices paid by consumers for educational goods and services.
Q: Why is this trend relevant for users or analysts?
A: The education CPI is a key indicator of inflationary pressures and affordability in the Colombian education system, informing policymaking and household budgeting decisions.
Q: How is this data collected or calculated?
A: The Colombian statistical agency collects price data from a sample of educational institutions and vendors to calculate the monthly CPI for Education.
Q: How is this trend used in economic policy?
A: The education CPI is a critical input for government budgeting, monetary policy decisions, and assessments of the Colombian education system's accessibility.
Q: Are there update delays or limitations?
A: The CPI for Education in Colombia is published monthly with a typical 1-2 month delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Colombia (COLCP100000GYM), retrieved from FRED.