Colombia - Consumer Price Index (CPI)

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.

Active:

• Classification: COICOP
• Measurement: Fixed-base index relative to December 2018 (Index Dec2018=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start dates:
  • General index from 2003m1
  • Components from 2019m1

Predecessors:

• Dec2008=100 - 1988m1 to 2018m12 ("_08")
• Dec1998=100 - 1998m1 to 2008m12 ("98")

Global concept aliases:

• CPI

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:

1. 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.
2. Monthly
3. 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 back-extend the general index (1954m1 to 2002m12). We construct a seasonally adjusted counterpart using the U.S. Census Bureau's X-13ARIMA-SEATS program.

Yes.

The index base year is advanced every tenth year.

Further reading

At the source:

• Índice de Precios al Consumidor (IPC)

At IMF (SDDS):

• Price index: Consumer prices (Jan 2024)

• Sep 2005 - Initial version.
• Mar 2009 - Rebased to 2008.
• Feb 2019 - Rebased to 2018.
• 13 Nov 2024, Phillip Thorne - Addendum of non-food component: Properties, Further reading.