Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Colombia
COLCP020000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.64
Year-over-Year Change
-52.33%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Colombia measures changes in the prices paid by consumers for these products. This index is an important indicator of inflationary pressures and consumer purchasing power.
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 Alcoholic Beverages, Tobacco and Narcotics is a component of the broader Colombian CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index is useful for analyzing consumption trends and the impact of excise taxes or regulations in these product categories.
Methodology
The data is collected through surveys of retail establishments and compiled by the National Administrative Department of Statistics (DANE) in Colombia.
Historical Context
Policymakers and analysts use this CPI component to assess inflationary dynamics and the cost of living for Colombian households.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics has a base year of 1999.
- Alcoholic beverages have the largest weight (56%) in this CPI component.
- The index reached a record high in January 2023.
FAQs
Q: What does this economic trend measure?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics measures changes in the prices paid by consumers for these products in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer purchasing power in Colombia, particularly for these specific product categories.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the National Administrative Department of Statistics (DANE) in Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess inflationary dynamics and the cost of living for Colombian households.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Colombia (COLCP020000GYM), retrieved from FRED.