Colombia - Consumer Price Index (CPI)





Colombia: Consumer Price Index (CPI)

Mnemonic CPI.ICOL
Unit Index Dec2018=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.84 %
Data May 2022 118.7
Apr 2022 117.71

Series Information

Source National Administrative Department of Statistic (DANE) - Colombia
Release Consumer Price Index
Frequency Monthly
Start Date 1/31/1954
End Date 5/31/2022

Colombia: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) May 2022 118.7 117.71 Index Dec2018=100, NSA Monthly
Producer Price Index (PPI) May 2022 181.33 175.83 Index Dec2014=100, NSA Monthly
Wholesale Price Index 2016 122.57 114.7 Index 2010 = 100 Annual

Release Information

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.

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

Yes.

The index base year is advanced every 10 years.