Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Colombia
COLCPGRLE01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.99
Year-over-Year Change
5.51%
Date Range
1/1/1995 - 4/1/2025
Summary
The Consumer Price Index: All Items Non-Food Non-Energy for Colombia tracks core inflation, excluding volatile food and energy prices, providing insight into underlying price trends 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
This index measures changes in the prices of goods and services consumed by Colombian households, excluding food and energy items. It serves as an important indicator of core inflation, which helps policymakers assess the broader trajectory of prices and make informed monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer expenditures and prices, following standardized COICOP (Classification of Individual Consumption by Purpose) categories.
Historical Context
The Colombian central bank and other economic analysts closely monitor this index to gauge inflationary pressures and guide policy responses.
Key Facts
- The base year for the index is 2018.
- Colombia's central bank targets an annual inflation rate of 3% with a tolerance range of +/- 1%.
- The index is published monthly by the National Administrative Department of Statistics (DANE).
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: All Items Non-Food Non-Energy for Colombia measures changes in the prices of goods and services consumed by Colombian households, excluding volatile food and energy items.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of core inflation in Colombia, helping policymakers and analysts assess the underlying price pressures in the economy, which is crucial for guiding monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer expenditures and prices, following standardized COICOP categories.
Q: How is this trend used in economic policy?
A: The Colombian central bank and other economic analysts closely monitor this index to gauge inflationary pressures and guide policy responses, such as adjustments to the key interest rate.
Q: Are there update delays or limitations?
A: The index is published monthly by the National Administrative Department of Statistics (DANE), with minimal update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Colombia (COLCPGRLE01IXOBM), retrieved from FRED.