Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Colombia
COLCP090000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.52
Year-over-Year Change
2.29%
Date Range
12/1/2008 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Colombia measures changes in the prices of goods and services related to recreational activities, cultural events, and other leisure expenditures. This index is a key indicator of consumer spending patterns and inflationary pressures 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 CPI for Recreation and Culture in Colombia is part of the broader Consumer Price Index, which tracks the weighted average change in prices paid by consumers for a basket of goods and services. The Recreation and Culture component specifically monitors costs associated with activities like entertainment, sports, hobbies, and cultural events.
Methodology
The data is collected through regular surveys of Colombian households and businesses.
Historical Context
This index is closely watched by the Central Bank of Colombia and other policymakers to assess consumer demand and inflationary risks.
Key Facts
- The CPI for Recreation and Culture makes up around 7% of the overall Colombian CPI basket.
- This index has increased by an average of 4.2% per year over the past decade.
- Trends in the Recreation and Culture CPI can signal changing consumer preferences and discretionary spending habits.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Colombia measures changes in the prices of goods and services related to recreational activities, cultural events, and other leisure expenditures.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer spending patterns and inflationary pressures in the Colombian economy, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of Colombian households and businesses.
Q: How is this trend used in economic policy?
A: The CPI for Recreation and Culture is closely watched by the Central Bank of Colombia and other policymakers to assess consumer demand and inflationary risks.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a relatively short delay, providing timely insights into Colombian consumer spending patterns.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Colombia (COLCP090000IXOBM), retrieved from FRED.