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Index 2015=100, Monthly, Not Seasonally Adjusted
COLODCNPI03IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.45
Year-over-Year Change
-16.29%
Date Range
1/1/1986 - 10/1/2023
Summary
The Index 2015=100, Monthly, Not Seasonally Adjusted trend measures changes in consumer prices in Colorado. This key inflation indicator is closely monitored by economists and policymakers to assess the state's cost of living and guide economic decision-making.
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 tracks the weighted average of prices paid by urban consumers for a market basket of consumer goods and services in Colorado. It is a reliable barometer of price fluctuations and can inform policy responses to mitigate the impact of inflation on households and businesses.
Methodology
The data is collected through surveys of urban consumers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The Colorado consumer price index is a valuable tool for assessing the economic health of the state and informing policy decisions.
Key Facts
- The index base year is 2015.
- Colorado's CPI reached a high of 118.7 in June 2022.
- The index is released on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of consumer goods and services in Colorado. It is a key inflation indicator for the state.
Q: Why is this trend relevant for users or analysts?
A: The Colorado consumer price index is closely watched by economists, policymakers, and consumers to understand the cost of living and guide economic decision-making in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban consumers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Colorado CPI informs policy decisions related to cost-of-living adjustments, monetary policy, and measures to mitigate the impact of inflation on households and businesses.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis with a typical one-month lag in data availability.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Not Seasonally Adjusted (COLODCNPI03IXOBM), retrieved from FRED.