Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Colombia
COLCPGRHO01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.02
Year-over-Year Change
197.84%
Date Range
1/1/2000 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Housing in Colombia measures changes in the prices of goods and services related to housing, including rent, utilities, and household maintenance. This metric is crucial for assessing the cost of living and inflation in the Colombian economy.
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 Housing in Colombia is part of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The housing component specifically monitors costs associated with shelter, utilities, and household operations, providing valuable insights into inflationary pressures and the affordability of living in the country.
Methodology
The data is collected through a survey of households and businesses, with prices recorded for a representative sample of housing-related items.
Historical Context
Policymakers and economists use the CPI for Housing to inform decisions on monetary policy, wage adjustments, and social welfare programs.
Key Facts
- The CPI for Housing in Colombia has a base year of 2018.
- Housing accounts for approximately 23% of the overall CPI basket in Colombia.
- The CPI for Housing is released on a monthly basis by the National Administrative Department of Statistics (DANE).
FAQs
Q: What does this economic trend measure?
A: The CPI for Housing in Colombia measures changes in the prices of goods and services related to housing, including rent, utilities, and household maintenance.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Housing is a crucial indicator for assessing the cost of living and inflationary pressures in the Colombian economy, informing decision-making by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and businesses, with prices recorded for a representative sample of housing-related items.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the CPI for Housing to inform decisions on monetary policy, wage adjustments, and social welfare programs.
Q: Are there update delays or limitations?
A: The CPI for Housing in Colombia is released on a monthly basis by the National Administrative Department of Statistics (DANE).
Related Trends
Consumer Price Index: OECD Groups: Services: Total for Colombia
COLCPGRSE01GPQ
Private Credit by Deposit Money Banks to GDP for Colombia
DDDI01COA156NWDB
Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Colombia
COLLFEM64MASTSAM
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Colombia
DDOI10COA156NWDB
Gross Domestic Product for Colombia
MKTGDPCOA646NWDB
U.S. Imports of Goods by Customs Basis from Colombia
IMP3010
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Colombia (COLCPGRHO01GYQ), retrieved from FRED.