Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Colombia
COLCPGRLE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.51
Year-over-Year Change
-19.77%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index: All Items Non-Food Non-Energy for Colombia measures changes in the prices of goods and services excluding food and energy in the country. This core inflation metric is a key indicator of underlying price pressures and economic conditions.
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 COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Colombia is a subcomponent of the broader Colombian consumer price index. It tracks the prices of a fixed basket of goods and services that excludes volatile food and energy costs, providing a more stable measure of underlying inflation.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a Laspeyres index formula.
Historical Context
This core CPI metric is closely monitored by the Central Bank of Colombia and analysts to assess the country's economic health and guide monetary policy decisions.
Key Facts
- Colombia's core CPI has averaged 4.2% over the past decade.
- The non-food, non-energy index excludes nearly 40% of the overall CPI basket.
- The Central Bank of Colombia targets a 3% core inflation rate.
FAQs
Q: What does this economic trend measure?
A: The COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Colombia measures changes in the prices of goods and services, excluding volatile food and energy costs, within the country.
Q: Why is this trend relevant for users or analysts?
A: This core CPI metric provides a more stable and meaningful gauge of underlying inflationary pressures in the Colombian economy, which is crucial for policymakers and analysts assessing the country's economic health.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: The Central Bank of Colombia closely monitors this core CPI metric to guide its monetary policy decisions and maintain inflation within its target range.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 2-3 weeks.
Related Trends
Outstanding Total International Debt Securities to GDP for Colombia
DDDM07COA156NWDB
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Colombia
COLLFINTTTTSTM
Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Colombia
COLFCBODUNUM
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Colombia
COLCPGREN01GPQ
Geographical Outreach: Number of Commercial Banks for Colombia
COLFCIODCNUM
General Government Primary Net Lending/Borrowing for Colombia
COLGGXONLBGDP
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Colombia (COLCPGRLE01GYM), retrieved from FRED.