Inflation in Colombia

Colombia Inflation | Economic News & Forecasts

Colombia - Inflation

Inflation remains stable in January

According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.60% over the previous month in January, following a 0.30% month-on-month upturn in December. Prices for information and communication increase by the biggest magnitude, while clothing and footwear was the only category to see a fall in prices.

Inflation remained stable at 3.2% in January, matching December’s print. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points.

In December—the latest month for which data is available—, core consumer prices—which exclude volatile items including fresh food and fruit—rose 0.3% over the previous month, following a 0.2% month-on-month rise in October. Meanwhile, core inflation edged down to 3.2% in November, from 3.6% in October.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.5%, which is unchanged from last month’s forecast. For 2020, the panel also expects inflation to end the year at 3.3%.

Colombia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.0  2.9  5.0  7.5  4.3  

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Colombia Inflation Chart

Colombia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistical Institute (DANE).

Colombia Facts

Bond Yield6.650.0 %Feb 20
Exchange Rate3,111-0.17 %Feb 20
Stock Market12,008-0.66 %Feb 20

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