Inflation in Colombia
Colombia - Inflation
Inflation rises in August
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.12% over the previous month in August, contrasting a 0.13% month-on-month drop in July. Seven out of the nine recorded higher prices, while the remaining two registered a decline in prices. House prices rose the most, while prices for entertainment fell by the biggest magnitude.
Inflation in August remained at July’s 3.1%, thus remaining within the Central Bank’s target band of 3.0% plus or minus 1.0%.
In July—the latest month for which data is available—core consumer prices, which exclude volatile items including fresh food and fruit, remained stable from the previous month following a 0.15% month-on-month rise. Meanwhile, core inflation fell in July remained at June’s 3.6%.
Colombia Inflation Forecast
Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2018 at 3.3%, which is unchanged from last month’s forecast. For 2019, the panel also expects inflation to end the year at 3.3%.
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||7.07||0.0 %||Oct 16|
|Exchange Rate||3,052||-0.17 %||Oct 16|
|Stock Market||12,446||-0.66 %||Oct 16|
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October 5, 2018
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports moderated to 13.1% in August from 16.2% in July.
October 3, 2018
Colombia’s manufacturing sector lost ground again in September, with the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) falling to 52.8 from 53.3 in August.
September 28, 2018
At its 28 September Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously decided to keep the benchmark interest rate at 4.25%, where it has been since April this year.
September 17, 2018
The Fedesarrollo consumer confidence index dropped to 4.7 points in August from 9.8 points in July, moving closer to the critical zero-point threshold separating optimism from pessimism among consumers.
September 14, 2018
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 September, the industrial sector accelerated in July, with output growing 3.5% over the same month of the previous year.