Colombia - Consumer Price Index (CPI)

Colombia: Consumer Price Index (CPI)

Mnemonic	CPI.ICOL
Unit	Index Dec2018=100, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	1.66 %
Data	Feb 2023	130.4
	Jan 2023	128.27

Series Information

Source	National Administrative Department of Statistic (DANE) - Colombia
Release	Consumer Price Index
Frequency	Monthly
Start Date	1/31/1954
End Date	2/28/2023

Colombia: Price

	Reference	Last	Previous	Units	Frequency
Consumer Price Index (CPI)	Feb 2023	130.4	128.27	Index Dec2018=100, NSA	Monthly
Producer Price Index (PPI)	Feb 2023	187.18	185.05	Index Dec2014=100, NSA	Monthly
Wholesale Price Index	2016	122.57	114.7	Index 2010 = 100	Annual

Release Information

Description

The Bank of the Republic of Colombia and the statistical agency (DANE) report a Consumer Price Index for Colombia. The data set also includes indexes for the food, housing, clothing, health, education, transportation, communications, and recreation industries.

Methodology

Classification: COICOP

Sample size: Over 15,000 establishments in Colombia are interviewed, yielding 40,000 price quotes.

Valuation: The prices include taxes and VAT.

Due to different price collection periods for goods, there are three types of periodicity in the CPI price collection system:

Less than one month: The month is divided into 10-day periods. One-third of the companies within the sample are visited each period. Data is obtained from three different periods throughout the reference month.
Monthly
More than one month: Housing industry data is collected bimonthly and one-half of the sample is interviewed each month. Clothing and education industry data is collected quarterly and one-third of the sample is interviewed monthly.

Moody's Analytics supplements

We seasonally adjust the fixed-base general index using the U.S. Census Bureau's X-13ARIMA-SEATS program.

Revisions

Yes.

The index base year is advanced every 10 years.