Consumer Price Index: All Items: Total for Colombia
COLCPALTT01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.35
Year-over-Year Change
94.34%
Date Range
4/1/1970 - 1/1/2024
Summary
The Consumer Price Index (CPI) for All Items in Colombia measures the changes in the prices of goods and services purchased by Colombian consumers. It is a key economic indicator used to assess inflation and cost-of-living trends in the country.
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 All Items in Colombia is a widely-tracked statistic that represents the average change in prices paid by consumers for a basket of consumer goods and services. It is used to monitor the country's overall price levels and inform economic policy decisions.
Methodology
The Colombian national statistics agency, DANE, collects price data from households and businesses to calculate the CPI.
Historical Context
The CPI is a critical economic indicator that central banks and policymakers rely on to make informed decisions about monetary and fiscal policies.
Key Facts
- The CPI for All Items in Colombia has a base year of 2018.
- Colombia's CPI reached its highest level in 2022 at X.X%.
- The CPI is published monthly by DANE, Colombia's national statistics agency.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items in Colombia measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and cost-of-living in Colombia, providing important insights for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Colombian national statistics agency, DANE, collects price data from households and businesses to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is a critical economic indicator that central banks and policymakers rely on to make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Colombia is published monthly by DANE with minimal delays, providing timely data on price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Colombia (COLCPALTT01GPQ), retrieved from FRED.