Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Colombia
COLPIEAMI02IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237.31
Year-over-Year Change
23.88%
Date Range
1/1/1990 - 12/1/2022
Summary
The Producer Prices Index for Mining and Quarrying Activities in Colombia measures changes in the prices received by domestic producers in this sector. It is a key indicator of inflationary pressures and price dynamics within 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) tracks the average change in prices received by domestic producers for their output. The Mining and Quarrying activities PPI specifically covers price changes for goods produced in the mining, oil, and gas extraction industries in Colombia.
Methodology
The data is collected through a nationwide survey of domestic producers and calculated using a Laspeyres index formula.
Historical Context
Analysts and policymakers monitor this PPI series to assess cost and supply-side inflation risks within the Colombian economy.
Key Facts
- PPI for Colombian mining/quarrying averaged 104.4 in 2022.
- Prices in this sector rose 13.4% year-over-year as of December 2022.
- Colombia's PPI has increased for 24 consecutive months as of early 2023.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Mining and Quarrying Activities measures changes in the prices received by domestic producers in Colombia's mining, oil, and gas extraction industries.
Q: Why is this trend relevant for users or analysts?
A: This PPI series is a key indicator of cost and supply-side inflationary pressures within the Colombian economy, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of domestic producers and calculated using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this PPI series to assess inflationary risks and dynamics within Colombia's commodity-producing sectors.
Q: Are there update delays or limitations?
A: The PPI data for Colombia is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Colombia (COLPIEAMI02IXOBM), retrieved from FRED.