Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Colombia
COLCPGRLH01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.94
Year-over-Year Change
-16.26%
Date Range
1/1/2000 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Colombia measures the change in prices for a basket of services excluding housing. It is a key indicator of inflation and consumer spending 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
The CPI for Services Less Housing in Colombia is a subcomponent of the broader CPI, which tracks the weighted average change in prices paid by consumers for a representative basket of goods and services. This specific index focuses on service-based expenditures, providing insights into inflationary pressures in the non-housing service sector.
Methodology
The data is collected through surveys of consumer prices and calculated as a chained index by Colombia's national statistics agency.
Historical Context
Policymakers and economists closely monitor this index to assess the state of the Colombian economy and guide monetary and fiscal policy decisions.
Key Facts
- The base year for the index is 1999.
- Colombia's CPI for Services Less Housing has increased by over 200% since 1999.
- This index is a component of the broader Colombian Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services Less Housing in Colombia measures the change in prices for a basket of services excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures in the non-housing service sector of the Colombian economy, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated as a chained index by Colombia's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to assess the state of the Colombian economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Colombian government, but there may be occasional delays or revisions to the historical series.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Colombia (COLCPGRLH01GYM), retrieved from FRED.