Consumer Price Index: OECD Groups: Housing: Total for Colombia
Quarterly
COLCPGRHO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.77
Year-over-Year Change
2484.95%
Date Range
4/1/1999 - 7/1/2023
Summary
The Quarterly series measures the year-over-year percent change in the U.S. Cost of Living Index. This key economic indicator provides insights into consumer inflation and 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 Quarterly Cost of Living Index is a measure of the average change in prices paid by consumers for a basket of goods and services. It is a widely used gauge of inflation that informs policy decisions and economic analysis.
Methodology
The data is collected through detailed surveys of consumer expenditures and price changes.
Historical Context
Policymakers and analysts closely monitor the Cost of Living Index to assess the health of the economy and make informed decisions.
Key Facts
- The index is published quarterly by the U.S. Federal Reserve.
- The index reached a high of 6.4% in June 2022, reflecting elevated consumer prices.
- The index is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Cost of Living Index measures the year-over-year change in the average price level of a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Cost of Living Index is a widely watched indicator of consumer inflation, which is crucial for understanding purchasing power, consumer behavior, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through detailed surveys of consumer expenditures and price changes across a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor the Cost of Living Index to inform monetary policy decisions and assess the need for interventions to maintain price stability.
Q: Are there update delays or limitations?
A: The Quarterly Cost of Living Index is published with a slight delay, typically 1-2 months after the end of the quarter. The index may not fully capture all changes in consumer prices.
Related Trends
Number of Bank Branches for Colombia
DDAI02COA643NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Colombia
COLCP040200GYM
Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Colombia
COLB6FATC01CXCUQ
Value of Exports to Colombia from New York
NYCOLA052SCEN
Market Capitalization Outside of Top 10 Largest Companies to Total Market Capitalization for Colombia
DDAM02COA156NWDB
Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for Colombia
COLIR3TCD01STM
Citation
U.S. Federal Reserve, Quarterly (COLCPGRHO01GPQ), retrieved from FRED.