Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Colombia
COLCP120000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
-71.42%
Date Range
1/1/2009 - 11/1/2023
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12) measures the inflation rate for a basket of miscellaneous goods and services in Colombia. It is a key indicator of overall consumer price dynamics in the country.
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 COICOP 12 index tracks the prices of a wide range of items, including personal care, insurance, financial services, and other miscellaneous expenditures. It provides valuable insights into broader inflationary pressures beyond just food and energy costs.
Methodology
The index is calculated monthly by Colombia's national statistics agency using a representative basket of consumer purchases.
Historical Context
Policymakers and analysts monitor this index to assess underlying price trends and guide monetary policy decisions.
Key Facts
- The index base year is 2018.
- Miscellaneous goods and services account for around 7% of the total Colombian CPI basket.
- This index has shown relatively stable year-over-year growth compared to the headline CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12) measures the inflation rate for a basket of miscellaneous consumer goods and services in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into broader inflationary pressures in the Colombian economy beyond just food and energy costs, which are often more volatile.
Q: How is this data collected or calculated?
A: The index is calculated monthly by Colombia's national statistics agency using a representative basket of consumer purchases.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess underlying price trends and guide monetary policy decisions in Colombia.
Q: Are there update delays or limitations?
A: The index is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Colombia (COLCP120000GPM), retrieved from FRED.