Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Colombia
COLCP070000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
180.91
Year-over-Year Change
5.29%
Date Range
12/1/2008 - 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 the overall consumer price index.
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 Transport index tracks the prices of items like fuel, public transportation, and vehicle purchases and maintenance. It is an important economic indicator for understanding inflation and consumer spending patterns in Colombia.
Methodology
The CPI data is collected by Colombia's national statistics agency through surveys of households and businesses.
Historical Context
The CPI Transport index is closely monitored by policymakers, economists, and market analysts to gauge consumer trends and inflationary pressures.
Key Facts
- The CPI Transport index has a base year of 2010.
- Transportation accounts for around 15% of the total Colombian CPI basket.
- Fuel prices are a major driver of the CPI Transport index.
FAQs
Q: What does this economic trend measure?
A: The CPI Transport index measures changes in the prices of goods and services related to transportation in Colombia, including fuel, public transit, and vehicle-related costs.
Q: Why is this trend relevant for users or analysts?
A: The CPI Transport index is an important indicator of inflationary pressures and consumer spending habits in Colombia, providing insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data for the CPI Transport index is collected by Colombia's national statistics agency through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: The CPI Transport index is closely monitored by the Colombian government and central bank to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI Transport index data is published monthly by Colombia's national statistics agency, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Colombia (COLCP070000IXOBM), retrieved from FRED.