Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Colombia
COLCP040500GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.37
Year-over-Year Change
-69.20%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Colombia measures changes in the prices paid by Colombian consumers for these key household utilities. This metric is a crucial 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 Electricity, Gas and Other Fuels is a component of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for Colombia. It tracks the month-over-month and year-over-year changes in the prices of these essential household energy sources, providing important insights into the cost of living and overall economic conditions.
Methodology
The data is collected through surveys of Colombian households and businesses by the National Administrative Department of Statistics (DANE).
Historical Context
This CPI component is closely monitored by the Central Bank of Colombia and other policymakers to inform monetary and fiscal policies.
Key Facts
- Colombia's CPI for Electricity, Gas and Other Fuels has risen by 10.2% over the past year.
- Household energy costs account for approximately 5% of the average Colombian consumer's expenditures.
- The Central Bank of Colombia closely monitors this CPI component to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Colombia measures the changes in prices paid by consumers for these key household utilities.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides crucial insights into inflationary pressures and the cost of living for Colombian consumers, which is highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Colombian households and businesses by the National Administrative Department of Statistics (DANE).
Q: How is this trend used in economic policy?
A: The Central Bank of Colombia and other policymakers closely monitor this CPI component to inform monetary and fiscal policies aimed at managing inflation and supporting consumer purchasing power.
Q: Are there update delays or limitations?
A: The CPI for Electricity, Gas and Other Fuels in Colombia is typically released on a monthly basis, with a slight delay, by the National Administrative Department of Statistics (DANE).
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Colombia (COLCP040500GYM), retrieved from FRED.