Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Colombia
COLCP010000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212.31
Year-over-Year Change
32.51%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Colombia tracks changes in the prices of these essential consumer goods over time. This metric is a key indicator of cost-of-living and inflation trends that inform economic policy and household budgeting.
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 CPI for Food and Non-Alcoholic Beverages in Colombia is a component of the broader Consumer Price Index, a measure of the average change in prices paid by consumers for a basket of goods and services. This sub-index focuses specifically on price movements for food and non-alcoholic beverages, which are a major expenditure category for many Colombian households.
Methodology
The data is collected by Colombia's national statistics agency through surveys of consumers and retailers.
Historical Context
Policymakers at the Central Bank of Colombia and international organizations like the IMF closely monitor this CPI metric to assess inflationary pressures and their impact on household finances.
Key Facts
- Colombia's CPI for Food and Non-Alcoholic Beverages has a base year of 1999.
- This sub-index accounts for over 27% of the total Colombian Consumer Price Index.
- Monitoring food and beverage prices is crucial for policymakers targeting inflation goals.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Colombia tracks changes in the prices of these essential consumer goods over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of cost-of-living and inflation trends that inform economic policy and household budgeting decisions in Colombia.
Q: How is this data collected or calculated?
A: The data is collected by Colombia's national statistics agency through surveys of consumers and retailers.
Q: How is this trend used in economic policy?
A: Policymakers at the Central Bank of Colombia and international organizations like the IMF closely monitor this CPI metric to assess inflationary pressures and their impact on household finances.
Q: Are there update delays or limitations?
A: The CPI data for Colombia is published on a regular monthly schedule with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Colombia (COLCP010000IXOBQ), retrieved from FRED.