Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Colombia
COLCP070000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.29
Year-over-Year Change
-49.23%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Colombia measures changes in the prices of goods and services related to transportation, a key component of consumer spending and economic activity.
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 Transport in Colombia is part of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Transport component specifically focuses on costs associated with private and public transportation, including fuel, vehicles, and fares.
Methodology
The data is collected through regular surveys of consumer prices across Colombia.
Historical Context
The CPI for Transport is an important indicator for policymakers and analysts monitoring inflationary pressures and consumer behavior.
Key Facts
- The CPI for Transport accounts for around 15% of the total Colombian CPI basket.
- Transport costs have a significant impact on household budgets and overall cost of living.
- Colombia's central bank uses the CPI to help set monetary policy and inflation targets.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Colombia measures the changes in prices of goods and services related to private and public transportation, including fuel, vehicles, and fares.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Transport is an important indicator for understanding inflationary pressures and consumer behavior, as transportation costs are a significant component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices across Colombia.
Q: How is this trend used in economic policy?
A: Colombia's central bank uses the CPI, including the Transport component, to help set monetary policy and inflation targets.
Q: Are there update delays or limitations?
A: The CPI for Transport in Colombia is published on a regular schedule, but there may be occasional delays or limitations in data collection.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Colombia (COLCP070000GYM), retrieved from FRED.