Inflation in Colombia
Colombia - Inflation
Inflation edges up in March on weaker peso
According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.43% over the previous month in March, a slightly softer upturn compared to February’s 0.57% month-on-month rise. Food and non-alcoholic beverages led the climb in prices, followed closely by alcoholic beverages and tobacco. On the flip side, prices for recreation and culture fell the most from the previous month, followed by information and communication costs.
Inflation edged up to 3.2% in March (February: 3.0%), remaining within the Central Bank’s target band of 3.0% plus or minus 1.0 percentage points. A weaker peso, owing to strengthening in the dollar and some contagion from the Argentine peso’s sharp dive, pushed up overall prices.
In February—the latest month for which data is available—core consumer prices—which exclude volatile items including fresh food and fruit—rose 0.7% over the previous month, following a 0.5% month-on-month rise in January. Meanwhile, core inflation remained at January’s 3.1% in February.
Colombia Inflation Forecast
Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.4%, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel also expects inflation to end the year at 3.2%.
Colombia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.0||2.9||5.0||7.5||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Inflation Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.82||0.0 %||Jan 30|
|Exchange Rate||3,163||-0.17 %||Jan 30|
|Stock Market||11,901||-0.66 %||Jan 30|
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April 17, 2019
The Fedesarrollo consumer confidence index rebounded after remaining in negative territory for six consecutive months; it rose to 1.2 points in March from minus 5.6 points in February.
April 12, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 12 April, the industrial sector grew 2.8% over the same month of last year in February.
April 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.43% over the previous month in March, a slightly softer upturn compared to February’s 0.57% month-on-month rise.
April 4, 2019
According to the National Department of Administrative Statistics (DANE), exports returned to growth in February, growing 6.2% over the same month of the previous year.
April 1, 2019
Colombia’s manufacturing sector contracted more sharply in March, reflected by a drop in the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) from 49.5 in February to 48.9 in March.