Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Colombia
COLCPGRLE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
-43.12%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Colombia tracks changes in the prices of goods and services in Colombia, excluding food and energy, providing insights into broader inflationary trends.
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
This index measures the price changes of a basket of consumer goods and services in Colombia, excluding food and energy items, which are often volatile. It is a key indicator used by economists and policymakers to understand core inflationary pressures in the Colombian economy.
Methodology
The data is collected through surveys of prices paid by consumers in Colombia.
Historical Context
This index is closely monitored by the Central Bank of Colombia to inform monetary policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- The index excludes volatile food and energy prices.
- Colombia's central bank uses this metric to target inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of consumer goods and services in Colombia, excluding food and energy items, which provides insights into core inflationary pressures in the economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator used by economists and policymakers to understand underlying inflationary trends in Colombia, which is crucial for informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers in Colombia.
Q: How is this trend used in economic policy?
A: The Central Bank of Colombia closely monitors this index to help guide its monetary policy decisions and maintain price stability in the country.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Colombia (COLCPGRLE01GPM), retrieved from FRED.