Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Colombia
COLCPGRLE01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.32
Year-over-Year Change
1541.43%
Date Range
4/1/1995 - 7/1/2023
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Colombia measures changes in the prices of goods and services excluding food and energy, providing insights into underlying inflationary pressures in the economy.
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 Non-Food Non-Energy is a key economic indicator used to track inflation in Colombia, excluding the volatile food and energy sectors. It is a valuable metric for policymakers and analysts to assess core inflationary trends and guide monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated by the National Administrative Department of Statistics (DANE) in Colombia.
Historical Context
The CPI for All Items Non-Food Non-Energy is closely monitored by the Central Bank of Colombia and other institutions to inform macroeconomic policies and market analysis.
Key Facts
- The base year for the CPI in Colombia is 2018.
- The non-food, non-energy CPI accounts for around 60% of the total CPI basket.
- Colombia's central bank targets an inflation rate between 2-4% annually.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items Non-Food Non-Energy in Colombia measures changes in the prices of goods and services, excluding the volatile food and energy sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into underlying inflationary pressures in the Colombian economy, which is crucial for policymakers and market analysts to assess the effectiveness of monetary policies and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated by the National Administrative Department of Statistics (DANE) in Colombia.
Q: How is this trend used in economic policy?
A: The CPI for All Items Non-Food Non-Energy is closely monitored by the Central Bank of Colombia and other institutions to inform macroeconomic policies and market analysis.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with potential for minor delays in availability due to the data collection process.
Related Trends
Value of Exports to Colombia from North Dakota
NDCOLA052SCEN
Use of Financial Services: Number of Depositors at Commercial Banks for Colombia
COLFCDODCPENUM
Financial Market: Share Prices for Colombia
COLSPASTT01IXOBM
Loans from Non-Resident Banks, Net, to GDP for Colombia
DDOI08COA156NWDB
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Colombia
COLLFEM24FESTSAM
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Colombia
COLCP040100GPM
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Colombia (COLCPGRLE01GPQ), retrieved from FRED.