Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Colombia
COLCP040500IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.30
Year-over-Year Change
47.90%
Date Range
1/1/2009 - 7/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas and Other Fuels in Colombia measures changes in the prices of these essential household goods and services. This metric is a key indicator of inflation pressures and household living costs.
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 tracks the prices of electricity, gas, and other fuels that Colombian consumers pay as part of their housing-related expenses. It is an important component of the overall Consumer Price Index, which is closely monitored by policymakers and analysts to assess the state of the economy.
Methodology
The data is collected through a nationwide survey of consumer prices by Colombia's national statistics agency.
Historical Context
Trends in this index help inform monetary and fiscal policies aimed at managing inflation and supporting household purchasing power.
Key Facts
- The index has a base year of 2018 = 100.
- Housing-related costs account for over 20% of the Colombian CPI basket.
- Electricity and gas prices are heavily regulated in Colombia.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of electricity, gas, and other fuels that are part of Colombian households' housing-related expenses.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are important indicators of broader inflation pressures and the cost of living for Colombian consumers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Colombia's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to help inform monetary and fiscal policies aimed at managing inflation and supporting household purchasing power.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on these essential household costs.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Colombia (COLCP040500IXNBQ), retrieved from FRED.