Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Colombia
COLCP060000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.98
Year-over-Year Change
5.31%
Date Range
12/1/2008 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Health in Colombia measures changes in the prices of healthcare goods and services. It is a key indicator for monitoring inflation 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 Health in Colombia tracks the prices of a fixed basket of medical products, services, and other healthcare expenditures. It is a vital metric for assessing the affordability of healthcare and the cost of living for Colombian consumers.
Methodology
The Colombian statistical agency, DANE, collects price data from a sample of healthcare providers and retail outlets to calculate the CPI.
Historical Context
The CPI for Health is used by policymakers, economists, and market analysts to inform decisions on monetary policy, government budgeting, and consumer trends.
Key Facts
- The base year for the Colombian CPI for Health is 2018.
- Healthcare accounts for approximately 5% of the total Colombian consumer price index.
- Colombia's CPI for Health has risen by an average of 4.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The CPI for Health in Colombia measures changes in the prices of a basket of healthcare goods and services, including medical products, hospital services, and outpatient care.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a crucial indicator for assessing the affordability of healthcare and cost of living for Colombian consumers. It informs policymaking, investment decisions, and consumer behavior.
Q: How is this data collected or calculated?
A: The Colombian statistical agency, DANE, collects price data from a sample of healthcare providers and retail outlets to calculate the CPI for Health.
Q: How is this trend used in economic policy?
A: The CPI for Health is used by the Colombian government, central bank, and market analysts to monitor inflation, inform monetary policy, and assess the impact of healthcare costs on consumer purchasing power.
Q: Are there update delays or limitations?
A: The CPI for Health in Colombia is published monthly with a lag of approximately two weeks. There may be some limitations in capturing price changes for certain healthcare services or products.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Colombia (COLCP060000IXOBM), retrieved from FRED.