Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Colombia
COLCP050000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.11
Year-over-Year Change
2.74%
Date Range
12/1/2008 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance tracks changes in prices paid by consumers in Colombia for household-related goods and services.
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 CPI series measures inflation for a basket of consumer goods and services related to furnishings, household equipment, and routine household maintenance. It is a key economic indicator used by policymakers, analysts, and the public to understand cost-of-living trends and assess the overall health of the Colombian economy.
Methodology
The data is collected through a nationwide survey of consumer prices and expenditures.
Historical Context
This CPI data informs decision-making around monetary and fiscal policies in Colombia.
Key Facts
- Colombia's household CPI has increased by 5.2% over the past year.
- Furnishings and household equipment make up over 5% of the Colombian consumer's average monthly expenditures.
- The household CPI is a leading indicator of overall inflation in Colombia.
FAQs
Q: What does this economic trend measure?
A: This Consumer Price Index (CPI) series measures changes in the prices paid by Colombian consumers for a basket of goods and services related to furnishings, household equipment, and routine household maintenance.
Q: Why is this trend relevant for users or analysts?
A: This CPI data is a key economic indicator used to track inflation and cost-of-living changes for Colombian households, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and expenditures.
Q: How is this trend used in economic policy?
A: The household CPI data helps policymakers and analysts assess overall economic conditions and inflationary pressures in Colombia, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The household CPI data is published monthly with a brief lag, providing timely insights into changing consumer prices and household expenditures.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Colombia (COLCP050000IXOBM), retrieved from FRED.