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Dissemination Standards Bulletin Board Special Data Dissemination Standard (AS PROVIDED TO THE IMF BY THE RESPECTIVE COUNTRY)   Colombia Price index: Consumer prices (Indice de precios al consumidor. ) Last Posted: Jul-29-2008 Last Certified: Oct-3-2008 Last Updated: Mar-31-2005 Contact Person(s)          Printer Friendly Page   Ms. Maria Ximena Caicedo, Departamento Administrativo Nacional de Estadísticas (DANE), Santafé de Bogotá, D.C, Colombia   Phone : 57 1 5978380   Fax : 57 1 5978326   Email : mxcaicedo@dane.gov.co    Ms. Clara Ines Gutierrez, Departamento Administrativo Nacional de Estadísticas (DANE), Avenida Eldorado CAN, Santafe de Bogota, D.C., Colombia   Phone : 57 1 5978300 Ext. 2217   Fax : 57 1 5978326   Email : cigutierrezp@dane.gov.co  Dissemination Formats Summary Methodology Access National Summary Data Page Cross-country comparisons: access the DSBB metadata query facility

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	5.1.1 Statistical presentation Data are disseminated on the national consumer price index (CPI), which is a fixed-weight Laspeyres index (December 1998=100.) The index covers prices of a basket of 176 items (so-callled basic expenditure) purchased by individual households located in the urban areas, which include the country 's thirteen largest cities, namely, Bogotá, Medellín, Cali, Barranquilla, Bucaramanga, Manizales, Pasto, Pereira, Cartagena, Neiva, Montería, Cúcuta, and Villavicencio (The data exclude the population of rural areas). The selected goods and services of the basket are classified into eight categories: food; housing; clothing and footwear; pharmaceutical products and medical care; education; and culture and recreation; transportation and communications; and other expenditure. To calculate the CPI, 15,000 establishments are interviewed, yielding a total of 40,000 price quotes. Prices include taxes and VAT. The periodicity of price collection depends on the characteristics of the good. Therefore, there are three types of periodicity in the CPI price collection system: 1. Less than one month: The month is divided into three 10-day periods, and one third of the sample of enterprises is visited in each period. Although the sources are visited monthly, the prices are obtained in three different periods during the month (unprocessed foods); 2. Monthly: Such items as public utilities, airline tickets, etc., as the rates and prices change monthly; 3. More than one month: Bimonthly for household cleaning supplies, medicines and toiletries; quarterly for clothing, furniture, and domestic appliances and educational materials; and every four months for rents. For these periodicity, one-half, one-third, and one-quarter of the respective sample is interviewed monthly until 100 percent of the sample has been completed at the end of the reference period. The weights of the CPI were last revised in 1998, with data from the 1994-1995 Income and Expenditure Survey. The CPI data are not seasonally adjusted.
Periodicity	4.1.1 Periodicity Monthly
Timeliness	4.1.2 Timeliness No later than 5 working days after the end of the reference month.
Access by the Public
Advance dissemination of release calendar	5.1.3 Advance release calendar An advance release calendar giving one-quarter ahead notice of the precise release dates is dissseminated on the Dissemination Standards Bulletin Board of the IMF (http://dsbb.imf.org). A note to this effect is published in "Revista del Banco de la Republica".
Simultaneous release to all interested parties	5.1.4 Simultaneous release The data are released simultaneously to all interested parties by issuing a press release (Boletín de Prensa). Following the press release, the data are disseminated in the "Tabulados del Indice de Precios al Consumidor" (Consumer Price Index Print-Outs) and on the DANE Internet website (http://www.dane.gov.co). The data are also available for consultation in the DANE databank at the DANE library.
Integrity
Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information	0.1.1 Responsibility for collecting, processing, and disseminating statistics Departamento Administrativo Nacional de Estadística (DANE) DANE is legally responsible for preparing Colombia's national accounts. Decree-Law 3167 of 1968 and Decree 2118 of 1992 authorize DANE to prepare all statistics required to carry out its functions. 0.1.3 Confidentiality of individual reporters' data Departamento Administrativo Nacional de Estadística (DANE) Article 75 of Decree 1633 of 1960, ("Diario Oficial" 30289 of July 27, 1960) establishes the principles of confidentiality and discretion; thereby forbidding communication of data by name or individually. The Law 79 of 1993 establishes the principles of confidenciality and discretion and also the author rights. 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Departamento Administrativo Nacional de Estadística (DANE) Decree-Law 3167 of 1968 was published in the "Diario Oficial" (Official Gazette) 32700 of February 1, 1969 and Decree 2118 of 1992 in the "Diario Oficial" 40704 of December 31, 1992. These documents are in Spanish only. The public can obtain copies of these documents directly from DANE or by consulting Colombia's Diario Oficial.
Identification of internal government access to data before release
Identification of ministerial commentary on the occasion of statistical releases
Provision of information about revision and advance notice of major changes in methodology	4.3.1 Revision schedule Data are final when first released and are not subject to revisions. Methodological changes are announced at the time the data are released in the "Boletín de Prensa" (Press Release), and later in the "Boletín de Estadística" (Statistics Bulletin). Changes in product specifications, including brands, quality, and variety, are documented in the "Cartilla de Especificación de Caldidades" (Listing of Quality Specifications) for the CPI. 1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. Data are final when first released and are not subject to revisions. Methodological changes are announced at the time the data are released in the "Boletín de Prensa" (Press Release), and later in the "Boletín de Estadística" (Statistics Bulletin). Changes in product specifications, including brands, quality, and variety, are documented in the "Cartilla de Especificación de Caldidades" (Listing of Quality Specifications) for the CPI.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques A description of the methodology is included in the DANE publication "Boletín de Estadística" (Statistics Bulletin), which is available for consultation in the databank at the DANE library (Phone: 57 1 2221750, Fax: 57 1 2222305). (See also summary methodology)
Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness	4.2.1 Internal consistency The "Tabulados del Indice de Precios al Consumidor" (Consumer Price Index print-outs) contain detailed data and output tables for the index. Data are shown by city, income level, goods and services, showing monthly changes, changes year-to-date, and changes in the last 12 months. National basket shares are also shown by sector of origin. 4.2.2 Temporal consistency "Boletín de Estadística" contains monthly time series data ( indices and variations), year-to-date, and full-year from 1990, for total national CPI according to income level and by city, contributions by the various expenditure groups and subgroups in relation to the total national index; and monthly percentage indices and variations, year-to-date and full-year, according to income level and by city for each of the goods that make up the CPI basket. This bulletin is available for consulatation or purchase at the DANE Databank (Avenida el Dorado-CAN), or in any of the cities where DANE has officies. In addition, an electronic database, which is updated as soon as the CPI is officially announced, is available for consultation and is disseminated through the DANE website at (http://www.dane.gov.co). "Indicadores de Coyuntura" contains various tables and charts showing CPI monthly percentage variations, year-to-date and full-year, for the last 10 years. Time series data showing the percentage variation in monthly consumer prices for the present and past 8 years are disseminated on the following DANE Internet website (http://www.dane.gov.co/ipc90-94.html).
Footnotes Last posted: Date IMF staff last posted an update to these metadata on the DSBB. Last certified: Date subscriber last officially certified the accuracy of these metadata. Last updated: Date subscriber last submitted an update of these metadata to the IMF.