Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Colombia
COLCP060000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.31
Year-over-Year Change
-26.04%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Health in Colombia measures the changes in prices paid by consumers for a basket of health-related goods and services. It is a key indicator of inflation and cost of living 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 Health CPI for Colombia is part of the broader Consumer Price Indices (CPIs) and Harmonized Indices of Consumer Prices (HICPs) series, which track price changes for different categories of consumer expenditures. The Health CPI specifically focuses on medical care, pharmaceuticals, and other health-related costs faced by households.
Methodology
The data is collected through surveys of prices paid by consumers at retail outlets and service providers.
Historical Context
The Health CPI is used by policymakers, economists, and market analysts to assess inflationary pressures and the overall cost of living in Colombia.
Key Facts
- The Health CPI is a component of the broader Colombian CPI.
- Prices are surveyed across different types of health care goods and services.
- The Health CPI is used to track inflationary trends in the health sector.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Colombia measures changes in the prices paid by consumers for a basket of health-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI is a key indicator of inflationary pressures and cost of living in the Colombian economy, particularly for health care expenditures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers at retail outlets and service providers.
Q: How is this trend used in economic policy?
A: The Health CPI is used by policymakers, economists, and market analysts to assess inflationary trends and the overall cost of living in Colombia.
Q: Are there update delays or limitations?
A: The Health CPI data is subject to the same update schedule and potential limitations as the broader Colombian CPI.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Colombia (COLCP060000GYM), retrieved from FRED.