Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Colombia
COLCPALTT01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.92
Year-over-Year Change
5.16%
Date Range
1/1/1970 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Colombia measures changes in the prices of a fixed basket of consumer goods and services. It is a key indicator of inflation and an important metric for economic policy decisions.
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 Colombian CPI tracks the prices of a representative sample of consumer items, including food, housing, transportation, and other common expenditures. It is used to assess changes in the cost of living and inform policymaking on monetary policy, wages, and social programs.
Methodology
The CPI data is collected monthly through surveys of households and retailers across Colombia.
Historical Context
Policymakers and analysts closely monitor the Colombian CPI to gauge inflationary pressures and make decisions on interest rates, government spending, and other economic measures.
Key Facts
- The Colombian CPI base year is 2018.
- CPI is calculated using a Laspeyres formula.
- The CPI is published monthly by the National Administrative Department of Statistics (DANE).
FAQs
Q: What does this economic trend measure?
A: The Colombian Consumer Price Index (CPI) measures changes in the prices of a fixed basket of consumer goods and services over time, providing a gauge of inflation in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator for policymakers, businesses, and households to understand changes in the cost of living and make informed decisions on monetary policy, wages, and household budgets.
Q: How is this data collected or calculated?
A: The CPI data is collected monthly through surveys of households and retailers across Colombia, and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the Colombian CPI to assess inflationary pressures and make decisions on interest rates, government spending, and other economic measures to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The Colombian CPI is published monthly by the National Administrative Department of Statistics (DANE), with a short lag period between data collection and release.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Colombia (COLCPALTT01IXOBM), retrieved from FRED.