Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Colombia
Quarterly
COLCP010000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
-149.34%
Date Range
4/1/1995 - 7/1/2023
Summary
The Quarterly Consumer Price Index (CPI) for All Urban Consumers measures the change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and a crucial data point 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 Quarterly CPI for All Urban Consumers is a widely followed measure of inflation in the United States. It tracks the prices of a comprehensive set of consumer goods and services, providing insight into the overall cost of living and changes in purchasing power.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the Quarterly CPI.
Historical Context
The Quarterly CPI is used by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The Quarterly CPI covers about 93% of the U.S. population.
- The index is based on prices for over 200 categories of consumer goods and services.
- The CPI is a widely watched indicator of the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Price Index (CPI) for All Urban Consumers measures the change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly CPI is a crucial indicator of inflation and purchasing power, providing insight into the overall cost of living and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the Quarterly CPI.
Q: How is this trend used in economic policy?
A: The Quarterly CPI is used by the Federal Reserve and other policymakers to inform monetary policy decisions, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The Quarterly CPI is released approximately two weeks after the end of each quarter, with occasional revisions to prior data.
Related Trends
Gross Portfolio Debt Liabilities to GDP for Colombia
DDDM10COA156NWDB
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Colombia
COLLFEM55FESTM
Balance of Payments: Services: Expenditure for Colombia
COLB6DBSE03STSAQ
Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Colombia
COLFCSODUGGDPPT
Production: Manufacturing: Consumer Goods: Total for Colombia
COLPRMNCG01IXOBM
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Colombia
COLFCBODULNUM
Citation
U.S. Federal Reserve, Quarterly Consumer Price Index for All Urban Consumers (COLCP010000GPQ), retrieved from FRED.