Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Colombia
COLCP120000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.66
Year-over-Year Change
-31.59%
Date Range
12/1/2009 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Colombia measures price changes for a wide range of consumer items like personal care, recreation, and other non-food/housing expenses. This indicator provides insight into inflationary pressures beyond core categories.
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 Miscellaneous Goods and Services is a subcomponent of the overall Colombian Consumer Price Index. It tracks price movements for a diverse basket of consumer items that are not included in the food, housing, or major durable goods categories. This measure helps economists and policymakers assess the broader scope of consumer inflation.
Methodology
The Colombian statistics agency, DANE, collects price data from retailers across the country to calculate this CPI subindex.
Historical Context
Trends in the Miscellaneous Goods and Services CPI are monitored by the Central Bank of Colombia and other institutions to guide monetary policy and assess the state of the overall economy.
Key Facts
- The CPI for Miscellaneous Goods and Services accounts for around 15% of the overall Colombian CPI basket.
- Prices in this category have risen at a slower pace than the headline CPI in recent years.
- Monitoring the Miscellaneous Goods and Services CPI helps identify shifts in consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Colombia tracks price changes for a wide range of consumer items beyond food, housing, and major durable goods.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the Miscellaneous Goods and Services CPI helps provide a broader view of inflationary pressures in the Colombian economy, beyond just core consumer categories.
Q: How is this data collected or calculated?
A: The Colombian statistics agency, DANE, collects price data from retailers across the country to calculate this CPI subindex.
Q: How is this trend used in economic policy?
A: Trends in the Miscellaneous Goods and Services CPI are monitored by the Central Bank of Colombia and other institutions to guide monetary policy and assess the state of the overall economy.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI is published monthly by DANE, with a typical 2-3 week lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Colombia (COLCP120000GYM), retrieved from FRED.