Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Colombia
COLCPGRLH01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.74
Year-over-Year Change
27.70%
Date Range
1/1/1999 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Colombia tracks changes in the prices of services, excluding housing, faced by Colombian consumers. This metric is a key indicator of inflation and consumer purchasing power in the Colombian 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 Services Less Housing CPI for Colombia is a subcomponent of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the service sector, excluding housing costs, to provide insights into inflationary pressures in the Colombian economy.
Methodology
The data is collected by the National Administrative Department of Statistics (DANE) through surveys of consumer expenditures and prices.
Historical Context
The Services Less Housing CPI is used by policymakers, economists, and analysts to assess inflationary trends and inform economic decision-making in Colombia.
Key Facts
- The base year for the Services Less Housing CPI in Colombia is 2018.
- This index accounts for approximately 40% of the overall Colombian CPI basket.
- The Services Less Housing CPI has shown relatively stable growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Services Less Housing CPI for Colombia measures changes in the prices of services, excluding housing costs, that Colombian consumers face.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into inflationary pressures in the service sector of the Colombian economy, which is crucial for understanding overall consumer price dynamics and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected by the National Administrative Department of Statistics (DANE) through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Services Less Housing CPI is used by policymakers, economists, and analysts to assess inflationary trends and inform economic decision-making in Colombia.
Q: Are there update delays or limitations?
A: The Services Less Housing CPI for Colombia is published on a monthly basis, with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Colombia (COLCPGRLH01IXOBQ), retrieved from FRED.