Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Colombia
COLPIEAMI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.38
Year-over-Year Change
-531.68%
Date Range
10/1/1999 - 10/1/2022
Summary
The Producer Prices Index for Mining and Quarrying Activities in Colombia measures the change in prices received by producers in the mining and quarrying sector. This indicator provides insight into inflationary pressures and cost-of-production trends for an important segment of 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 Producer Prices Index (PPI) is a measure of the average change in selling prices received by domestic producers of goods and services over time. The Mining and Quarrying PPI specifically tracks price changes for producers in the mining, extraction, and quarrying industries in Colombia.
Methodology
The Colombian statistics agency, DANE, collects price data directly from mining and quarrying companies through surveys.
Historical Context
The Mining and Quarrying PPI is a key input for policymakers and analysts monitoring inflation, production costs, and broader economic conditions.
Key Facts
- Baseline: 2015 = 100
- Data available monthly since 2001
- Colombia is a major global producer of coal, gold, and other minerals
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Mining and Quarrying Activities in Colombia measures the change in prices received by producers in the mining and quarrying sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into inflationary pressures and cost-of-production trends for an important segment of the Colombian economy.
Q: How is this data collected or calculated?
A: The Colombian statistics agency, DANE, collects price data directly from mining and quarrying companies through surveys.
Q: How is this trend used in economic policy?
A: The Mining and Quarrying PPI is a key input for policymakers and analysts monitoring inflation, production costs, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Colombia (COLPIEAMI01GPQ), retrieved from FRED.