Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Colombia
COLCP040100GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.08
Year-over-Year Change
222.38%
Date Range
1/1/2010 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Actual Rentals for Housing in Colombia measures changes in the cost of renting residential properties. This indicator provides insight into housing affordability and the overall cost of living.
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 Actual Rentals for Housing is a subcomponent of the broader Consumer Price Index (CPI), which tracks the changes in prices paid by consumers for a basket of goods and services. The Actual Rentals for Housing index specifically focuses on the cost of renting residential properties, providing a valuable gauge of housing affordability.
Methodology
The data is collected through surveys of landlords and tenants by the National Administrative Department of Statistics (DANE) in Colombia.
Historical Context
This CPI component is closely monitored by policymakers and economists to assess inflationary pressures and the overall cost of living.
Key Facts
- The base year for the CPI Actual Rentals for Housing index is 2018.
- Housing costs make up around 22% of the overall CPI basket in Colombia.
- The index reached its highest level on record in 2022.
FAQs
Q: What does this economic trend measure?
A: The CPI for Actual Rentals for Housing measures changes in the cost of renting residential properties in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into housing affordability and the overall cost of living, which are key factors for consumers, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of landlords and tenants by the National Administrative Department of Statistics (DANE) in Colombia.
Q: How is this trend used in economic policy?
A: The CPI for Actual Rentals for Housing is closely monitored by policymakers and economists to assess inflationary pressures and the overall cost of living.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a brief lag, and may be subject to revisions by the statistical agency.
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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 (COLCP040100GYQ), retrieved from FRED.