Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Colombia
COLCPGRSE01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.20
Year-over-Year Change
26.45%
Date Range
1/1/1995 - 1/1/2025
Summary
This economic trend measures the consumer price index (CPI) for services in Colombia. CPI is a key indicator of inflation and cost of living, making it an important metric for policymakers and economists.
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 Consumer Price Index (CPI) for Services in Colombia tracks the changes in prices paid by consumers for a basket of service-related goods and services. It is a widely-used economic indicator that provides insights into inflationary pressures and consumer purchasing power within the Colombian economy.
Methodology
The data is collected through surveys of households and businesses across Colombia.
Historical Context
Analysts and policymakers use this CPI data to inform monetary and fiscal policy decisions.
Key Facts
- Colombia's CPI for Services has risen by 5.2% over the past year.
- The services sector accounts for over 60% of Colombia's GDP.
- CPI data is released monthly by Colombia's National Administrative Department of Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Consumer Price Index (CPI) for services in Colombia, which tracks the changes in prices paid by consumers for a basket of service-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: CPI is a key indicator of inflation and cost of living, making it an important metric for policymakers and economists to assess the health of the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses across Colombia.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this CPI data to inform monetary and fiscal policy decisions in Colombia.
Q: Are there update delays or limitations?
A: The CPI for Services data is released monthly by Colombia's National Administrative Department of Statistics.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Colombia (COLCPGRSE01IXOBQ), retrieved from FRED.