National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Colombia
Index 2015=100
COLNAEXKP07IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.80
Year-over-Year Change
32.84%
Date Range
1/1/2005 - 7/1/2023
Summary
The Index 2015=100 measures the level of consumer prices in Colombia, adjusted for inflation. It is a key indicator of the country's cost of living and 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
The Index 2015=100 tracks the weighted average change in prices for a basket of consumer goods and services in Colombia, with the year 2015 as the base period. It is used to assess changes in the overall cost of living and monitor inflation trends.
Methodology
The data is collected through surveys of Colombian households and businesses, then aggregated and indexed to the 2015 base year.
Historical Context
Policymakers and analysts use this index to inform decisions on monetary policy, wage adjustments, and cost-of-living measures.
Key Facts
- Base year is 2015 = 100.
- Measures weighted average of consumer goods and services.
- Used to track changes in purchasing power and cost of living.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100 measures the level of consumer prices in Colombia, tracking the weighted average change in a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and cost of living in Colombia, informing policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Colombian households and businesses, then aggregated and indexed to the 2015 base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform decisions on monetary policy, wage adjustments, and cost-of-living measures.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be some delays in data collection and publication.
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Citation
U.S. Federal Reserve, Index 2015=100 (COLNAEXKP07IXOBSAQ), retrieved from FRED.