Consumer Price Index: Education (COICOP 10): Total for Colombia
Index source base, Monthly
COLCP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.30
Year-over-Year Change
11.40%
Date Range
12/1/2008 - 11/1/2023
Summary
The Index source base, Monthly tracks changes in the average price level of a defined basket of consumer goods and services. It is a key metric used by economists and policymakers to monitor inflation and consumer purchasing power.
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 Index source base, Monthly is a price index that measures the overall change in prices for a representative basket of consumer goods and services. It is a widely-used indicator of inflation and cost of living, providing insights into consumer spending patterns and economic conditions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Index source base, Monthly is a critical input for the Federal Reserve's monetary policy decisions and is closely watched by financial markets.
Key Facts
- The index base year is 2017.
- The index measures price changes for over 200 categories of consumer goods and services.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index source base, Monthly measures changes in the average price level of a defined basket of consumer goods and services, providing a comprehensive indicator of inflation and cost of living.
Q: Why is this trend relevant for users or analysts?
A: The Index source base, Monthly is a critical gauge of consumer purchasing power and a key input for monetary policy decisions, making it highly relevant for economists, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Index source base, Monthly is a crucial input for the Federal Reserve's monetary policy decisions, as it provides insights into inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The Index source base, Monthly is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index source base, Monthly (COLCP100000IXNBM), retrieved from FRED.