Industrial Production Price Index in Colombia

It is an economic indicator that shows the variation of prices of products in the first stage of marketing within the country's productive structure.

The Index calculation should be performed in two stages, the first part of elementary aggregates and then proceed with the calculation of higher-level indicators.

The basket price for monitoring IPP has a matrix structure where one dimension corresponds to the different origins of the products, which can be produced and consumed, imported and exported.

Severely it affected by the number of working days and holidays, so to analyze the underlying trend must be corrected for the effects of seasonality and calendar.