Production: Manufacturing: Intermediate Goods: Total for Colombia
Monthly, Not Seasonally Adjusted
COLPRMNIG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.58
Year-over-Year Change
-1.30%
Date Range
1/1/2001 - 12/1/2018
Summary
This economic indicator measures the monthly, not seasonally adjusted price index for imports of crude oil. It is a key metric for understanding global energy markets and inflation pressures.
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 crude oil import price index tracks the average unit value of crude oil imports into the United States. It is an important gauge of energy costs and a factor in broader measures of inflation and consumer prices.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of international trade.
Historical Context
Policymakers and market analysts use this index to assess energy price dynamics and their impact on the broader economy.
Key Facts
- Crude oil is a major component of the U.S. import basket.
- Oil price fluctuations significantly impact consumer and producer prices.
- Global supply and demand factors drive changes in the crude oil import index.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly, not seasonally adjusted price index for crude oil imports into the United States.
Q: Why is this trend relevant for users or analysts?
A: The crude oil import price index is a key gauge of energy costs and a factor in broader measures of inflation and consumer prices.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of international trade.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess energy price dynamics and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The crude oil import price index is published monthly with a relatively short lag, making it a timely indicator of energy market conditions.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (COLPRMNIG01IXOBM), retrieved from FRED.