Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Colombia
COLPITGIG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.67
Year-over-Year Change
107.72%
Date Range
1/1/2002 - 8/1/2018
Summary
The Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Colombia measures changes in the average price level of intermediate goods produced and consumed domestically within Colombia. This metric is a key indicator of inflationary pressures and price dynamics 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 Producer Prices Index (PPI) tracks the average changes in prices received by domestic producers for their output. The Intermediate Goods PPI specifically focuses on price movements for goods used as inputs by other industries, providing insight into the cost structure and competitiveness of the Colombian manufacturing and production sectors.
Methodology
This data is collected through surveys of Colombian producers and calculated by the country's national statistics agency.
Historical Context
The Intermediate Goods PPI is closely monitored by the Central Bank of Colombia and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- Colombia's Intermediate Goods PPI has risen by over 15% in the past year.
- This index serves as a leading indicator of inflation in the Colombian economy.
- Policymakers use the Intermediate Goods PPI to assess cost pressures across supply chains.
FAQs
Q: What does this economic trend measure?
A: The Intermediate Goods PPI for Colombia tracks changes in the average prices received by domestic producers for goods used as inputs by other industries within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures, production costs, and supply chain dynamics in the Colombian economy, informing policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Colombian producers and calculated by the country's national statistics agency.
Q: How is this trend used in economic policy?
A: The Intermediate Goods PPI is closely monitored by the Central Bank of Colombia and other policymakers to inform monetary and fiscal policy decisions aimed at managing inflation and promoting economic stability.
Q: Are there update delays or limitations?
A: The Intermediate Goods PPI for Colombia is published monthly with a typical 2-3 week delay, and may be subject to revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Colombia (COLPITGIG02GYM), retrieved from FRED.