Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Colombia
COLCP100000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172.30
Year-over-Year Change
7.38%
Date Range
12/1/2008 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Education in Colombia measures changes in the prices paid by consumers for educational goods and services. This metric is an important economic indicator used by policymakers and analysts to understand inflationary pressures and the overall cost of living.
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 Education CPI for Colombia tracks the prices of a basket of educational products and services, including tuition fees, school supplies, and other education-related expenses. This index is part of the broader Consumer Price Index, which is a widely-used measure of inflation in the Colombian economy.
Methodology
The data is collected by the Colombian National Administrative Department of Statistics (DANE) through surveys of consumers and educational institutions.
Historical Context
Policymakers and central banks closely monitor the Education CPI as part of their analysis of broader inflationary trends and the cost of living.
Key Facts
- The base year for the Colombian Education CPI is 2013.
- The Education CPI accounts for approximately 3.5% of the overall Colombian CPI basket.
- Colombia's Education CPI has risen by an average of 5.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Education Consumer Price Index (CPI) for Colombia measures the changes in prices paid by consumers for educational goods and services, including tuition fees, school supplies, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator of inflationary pressures and the overall cost of living, and is closely monitored by policymakers and central banks as part of their analysis of broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected by the Colombian National Administrative Department of Statistics (DANE) through surveys of consumers and educational institutions.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the Education CPI as part of their analysis of broader inflationary trends and the cost of living, which informs decisions on monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The Education CPI for Colombia is published monthly with a typical delay of 2-3 weeks, and the data is subject to revisions and adjustments by the statistical agency.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Colombia (COLCP100000IXOBM), retrieved from FRED.