Production: Manufacturing: Investment Goods: Total for Colombia
Quarterly, Not Seasonally Adjusted
COLPRMNVG01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.26
Year-over-Year Change
-0.90%
Date Range
1/1/2001 - 10/1/2018
Summary
This economic indicator tracks the price index for consumer goods and services, excluding food and energy, on a quarterly basis without seasonal adjustments. It provides important insights into underlying inflationary pressures in the U.S. 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 Quarterly, Not Seasonally Adjusted Consumer Price Index for All Urban Consumers: All Items Less Food and Energy (COLPRMNVG01IXOBQ) measures the change in prices paid by urban consumers for a basket of goods and services, excluding the volatile food and energy components. This metric is a key gauge of core inflation and is closely monitored by policymakers and analysts.
Methodology
The data is collected through surveys of prices paid by urban consumers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This core inflation measure is widely used to inform monetary policy decisions and assess the overall health of the U.S. economy.
Key Facts
- The index is based on a survey of over 80,000 items.
- It excludes the volatile food and energy components.
- The data is released by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly change in prices for a basket of consumer goods and services, excluding food and energy, providing a measure of core inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The core CPI is a key metric used by policymakers and economists to gauge underlying inflationary pressures and inform monetary policy decisions, making it a crucial data point for understanding the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by urban consumers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The core CPI is closely monitored by the Federal Reserve and other policymakers to assess inflationary pressures and 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 data is released by the U.S. Bureau of Labor Statistics on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted Consumer Price Index for All Urban Consumers: All Items Less Food and Energy (COLPRMNVG01IXOBQ), retrieved from FRED.