Producer Prices Index: Economic Activities: Manufacturing: Domestic for Colombia
Growth rate same period previous year, Quarterly
COLPIEAMP02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.84
Year-over-Year Change
319.26%
Date Range
1/1/1991 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year change in Colombia's Producer Price Index, a key indicator of wholesale price inflation.
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 quarterly index tracks changes in the prices charged by domestic producers across a range of economic sectors in Colombia. It is a widely-used metric for monitoring the country's inflationary pressures and industrial production trends.
Methodology
The data is collected through surveys of Colombian businesses and calculated by the country's National Administrative Department of Statistics.
Historical Context
The growth rate in producer prices is closely watched by the Central Bank of Colombia and domestic policymakers for insights into future consumer price inflation.
Key Facts
- Colombia's producer price growth rate averaged 4.9% annually from 2010-2020.
- Manufacturing and mining sectors account for over 60% of the Colombian PPI.
- The PPI growth rate reached a high of 10.7% in 2022 amid global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the year-over-year percentage change in Colombia's Producer Price Index, which measures wholesale price inflation across the country's industrial sectors.
Q: Why is this trend relevant for users or analysts?
A: The producer price growth rate is a key leading indicator for consumer inflation in Colombia, providing insights into cost pressures and production trends that can impact the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Colombian businesses and compiled by the country's National Administrative Department of Statistics.
Q: How is this trend used in economic policy?
A: The Colombian central bank and policymakers closely monitor the PPI growth rate to help guide monetary policy decisions and assess the state of the nation's industrial sector.
Q: Are there update delays or limitations?
A: The PPI data is published on a quarterly basis with a lag of approximately one month, so there can be a delay in accessing the most current information.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (COLPIEAMP02GYQ), retrieved from FRED.