Colombia | Consumer price index (2010 = 100)

Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages. Development relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series. Limitations and exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries. Statistical concept and methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source
Colombia | Consumer price index (2010 = 100)
1960 0.05730665
1961 0.06205347
1962 0.06496818
1963 0.08209083
1964 0.09610573
1965 0.10340081
1966 0.12069788
1967 0.13074983
1968 0.14048747
1969 0.15029583
1970 0.16067921
1971 0.17986472
1972 0.20224791
1973 0.24781366
1974 0.30696915
1975 0.37891505
1976 0.45405855
1977 0.60754314
1978 0.71546199
1979 0.88813213
1980 1.12395478
1981 1.43252265
1982 1.78665641
1983 2.13679313
1984 2.48213345
1985 3.08008373
1986 3.66044737
1987 4.51340586
1988 5.7820519
1989 7.27772695
1990 9.3993317
1991 12.25558374
1992 15.56589371
1993 19.05926674
1994 23.41359289
1995 28.30511226
1996 34.19188935
1997 40.50713874
1998 48.07264891
1999 53.29991833
2000 58.21702137
2001 62.85433367
2002 66.84653125
2003 71.61254764
2004 75.84056681
2005 79.67128873
2006 83.09191467
2007 87.6988502
2008 93.83503786
2009 97.77847091
2010 100
2011 103.41503345
2012 106.69256806
2013 108.84454888
2014 111.99977589
2015 117.5883756
2016 126.42333146
2017 131.87763001
2018 136.15121604
2019 140.94784969
2020 144.5090874
2021 149.5597632
2022 164.78080631

Colombia | Consumer price index (2010 = 100)

Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages. Development relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series. Limitations and exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries. Statistical concept and methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.
Publisher
The World Bank
Origin
Republic of Colombia
Records
63
Source