Inflation in Colombia

Colombia Inflation | Economic News & Forecasts

Colombia - Inflation

Inflation remains stable in November, remaining with the Central Bank’s target band

According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.12% over the previous month in November, matching October’s reading. Seven out of the nine sub-components recorded higher prices, while the remaining two saw a decline in prices. Prices for entertainment increased the most, while prices for healthcare registered the biggest fall.

Inflation remained at 3.3% in November, also matching October’s print. Thus, it stayed within the Central Bank’s target band of 3.0% plus or minus 1.0 percentage points.

In October—the latest month for which data is available—core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.1% over the previous month, matching September’s print. Meanwhile, core inflation remained at 3.6% in October.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 5.9%, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel also expects inflation to end the year at 5.7%.

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 Yield6.860.0 %Dec 14
Exchange Rate3,195-0.17 %Dec 14
Stock Market11,555-0.66 %Dec 14

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