Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Colombia
COLCPGREN01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
219.27
Year-over-Year Change
54.30%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Colombia measures changes in the prices paid by consumers for energy-related goods and services. It is a key indicator of inflationary pressures and consumer purchasing power.
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 Energy in Colombia is a subcomponent of the overall Consumer Price Index that tracks price movements specifically for energy products like electricity, gas, and motor fuels. It is used by policymakers and analysts to assess the impact of energy costs on household budgets and the broader economy.
Methodology
The CPI data is collected through a nationwide survey of consumer expenditures and prices.
Historical Context
The Colombian CPI for Energy is an important input for the country's monetary policy decisions and can influence consumer confidence and spending patterns.
Key Facts
- Colombia's CPI for Energy has a base year of 2010.
- Energy accounts for around 4% of the total Colombian consumer price index basket.
- The CPI for Energy reached a record high in 2022 amid global energy price shocks.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Colombia measures changes in the prices paid by consumers for energy-related goods and services, including electricity, gas, and motor fuels.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a key indicator of inflationary pressures and consumer purchasing power in Colombia. It is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The CPI data is collected through a nationwide survey of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Colombian CPI for Energy is an important input for the country's monetary policy decisions and can influence consumer confidence and spending patterns.
Q: Are there update delays or limitations?
A: The CPI for Energy data is published monthly with a short lag, providing timely information on energy price trends in Colombia.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Colombia (COLCPGREN01IXOBQ), retrieved from FRED.