Monetary Aggregates and Their Components: Broad Money and Components: M3 for Colombia
Index 2015=100, Monthly
COLMABMM301IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.06
Year-over-Year Change
7.42%
Date Range
2/1/1982 - 9/1/2023
Summary
The Index 2015=100, Monthly trend measures the monthly price changes of consumer goods and services in the United States. It is a key indicator of inflation and consumer purchasing power.
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 is an index of consumer prices, where 2015 is set as the base year with a value of 100. The index tracks the cost of a representative basket of consumer goods and services over time, providing a measure of overall price inflation in the economy.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This index is closely watched by the Federal Reserve and policymakers to guide monetary policy decisions.
Key Facts
- The base year for the index is 2015.
- The index tracks a representative basket of consumer goods and services.
- The index is a key indicator of inflation and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly trend measures the monthly changes in the prices of consumer goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflation and consumer purchasing power, which are important factors for economic policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and policymakers closely monitor this index to guide monetary policy decisions, such as interest rate adjustments, to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics, with a typical release delay of around two weeks.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (COLMABMM301IXOBSAM), retrieved from FRED.