Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Colombia
COLCP080000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.80
Year-over-Year Change
-1.50%
Date Range
12/1/2008 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Colombia measures the change in prices for communication-related goods and services, providing insights into inflationary trends 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 Communication CPI tracks the prices of items such as telephone and internet services, postal charges, and equipment. It is a key indicator used by policymakers and economists to assess the overall cost of living and inflationary pressures in the Colombian consumer market.
Methodology
The data is collected through regular surveys of consumer prices by Colombia's national statistical agency.
Historical Context
The Communication CPI is an important input for the Central Bank of Colombia's monetary policy decisions.
Key Facts
- The base year for the Colombian Communication CPI is 2008.
- Communication accounts for approximately 4% of the Colombian consumer price basket.
- The Communication CPI has risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Colombia measures the change in prices for communication-related goods and services, including telephone, internet, and postal charges.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures in the Colombian consumer market, providing insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys conducted by Colombia's national statistical agency.
Q: How is this trend used in economic policy?
A: The Communication CPI is a key input for the Central Bank of Colombia's monetary policy decisions, helping to inform interest rate and inflation targeting strategies.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Colombia (COLCP080000IXOBM), retrieved from FRED.