Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Colombia
Monthly
COLCP040000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.05
Year-over-Year Change
842.47%
Date Range
1/1/2009 - 11/1/2023
Summary
The Consumer Prices: All Items Less Food and Energy (Monthly) series measures changes in the price level of consumer goods and services, excluding food and energy, providing insight into underlying inflationary 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
This index is a key measure of core inflation, which is closely monitored by policymakers and analysts to assess the overall health of the economy and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in core inflation are crucial inputs for the Federal Reserve's monetary policy deliberations.
Key Facts
- The series excludes the volatile food and energy components to better reflect underlying price trends.
- Core inflation is considered a more reliable indicator of long-term price pressures compared to headline inflation.
- The Federal Reserve closely monitors core inflation in setting monetary policy to achieve its price stability mandate.
FAQs
Q: What does this economic trend measure?
A: This series measures changes in the price level of consumer goods and services, excluding the volatile food and energy components, providing a gauge of underlying inflationary pressures in the economy.
Q: Why is this trend relevant for users or analysts?
A: Core inflation is a crucial indicator closely watched by policymakers, economists, and market participants as it reflects the broader, more stable price trends in the economy, which informs monetary policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in core inflation are a key input for the Federal Reserve's monetary policy deliberations, as the central bank aims to achieve its price stability mandate by adjusting interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Prices: All Items Less Food and Energy (Monthly) (COLCP040000GPM), retrieved from FRED.