Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Colombia
COLCP060000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.82
Year-over-Year Change
26.20%
Date Range
1/1/2009 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Health in Colombia measures changes in the prices of goods and services related to healthcare. This key economic indicator helps policymakers and analysts understand inflationary pressures and consumer purchasing power within the Colombian health sector.
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 a subcomponent of the broader national Consumer Price Index. It tracks the prices of a representative basket of medical goods, services, and treatments over time to assess cost-of-living changes for Colombian healthcare consumers.
Methodology
The data is collected through surveys of Colombian households and businesses, then aggregated and calculated according to international CPI standards.
Historical Context
Policymakers and central banks use the Health CPI to inform monetary and fiscal policies that aim to stabilize inflation and support consumer purchasing power.
Key Facts
- The Health CPI is a subcomponent of Colombia's broader national CPI.
- The index tracks prices of medical goods, services, and treatments.
- Policymakers use the Health CPI to understand healthcare inflation.
FAQs
Q: What does this economic trend measure?
A: The Health CPI for Colombia measures changes in prices of medical goods, services, and treatments over time.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI helps policymakers and economists assess inflationary pressures and consumer purchasing power within the Colombian healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Colombian households and businesses, then aggregated and calculated according to international CPI standards.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the Health CPI to inform monetary and fiscal policies that aim to stabilize inflation and support consumer purchasing power.
Q: Are there update delays or limitations?
A: The Health CPI data is subject to the same update schedule and potential limitations as Colombia's broader national CPI.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Colombia (COLCP060000IXOBQ), retrieved from FRED.