Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Colombia
COLCPALTT01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.16
Year-over-Year Change
-27.93%
Date Range
1/1/1971 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Colombia measures changes in the average prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and economic health.
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 Colombia tracks the prices of a representative basket of consumer goods and services, including food, housing, transportation, and other categories. It is used by policymakers, economists, and the public to understand the cost of living and changes in purchasing power.
Methodology
The Colombian statistics agency (DANE) collects data on prices from businesses and households to calculate the CPI.
Historical Context
The CPI is a closely watched metric that informs monetary policy decisions by the Central Bank of Colombia.
Key Facts
- Colombia's CPI has increased by an average of 5% annually over the past decade.
- Food and housing are the largest components of the Colombian CPI basket.
- The Central Bank of Colombia targets an annual inflation rate of 3% (+/- 1 percentage point).
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Colombia measures changes in the average prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and cost of living, which is crucial for understanding economic conditions, purchasing power, and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The Colombian statistics agency (DANE) collects price data from businesses and households to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is a closely watched metric that informs monetary policy decisions by the Central Bank of Colombia.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short 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: Total for Colombia (COLCPALTT01GYM), retrieved from FRED.