Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Colombia
COLCP040100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.43
Year-over-Year Change
-23.57%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Actual Rentals for Housing in Colombia measures changes in the cost of renting accommodation. This metric is a key indicator of housing affordability and inflation in the Colombian economy.
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 Actual Rentals for Housing CPI is a subcomponent of the overall Consumer Price Index, which tracks the weighted average change in prices paid by consumers for a basket of goods and services. The rental index specifically focuses on the cost of renting residential properties, providing insight into housing market dynamics.
Methodology
The data is collected through surveys of actual rents paid by households in Colombia.
Historical Context
This housing cost metric is closely monitored by the Central Bank of Colombia and other policymakers to assess inflationary pressures and the standard of living.
Key Facts
- The CPI for Actual Rentals for Housing in Colombia has a base year of 1999.
- Housing costs account for a significant portion of the overall CPI basket in Colombia.
- Tracking rental inflation is crucial for assessing the affordability of housing in the country.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Actual Rentals for Housing in Colombia measures changes in the cost of renting accommodation in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into housing affordability and inflationary pressures in the Colombian economy, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of actual rents paid by households in Colombia.
Q: How is this trend used in economic policy?
A: The Actual Rentals for Housing CPI is used by the Central Bank of Colombia and other policymakers to assess housing market dynamics and the overall cost of living in the country.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Colombia (COLCP040100GYM), retrieved from FRED.