Inflation in Colombia
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
|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||6.65||0.0 %||Feb 20|
|Exchange Rate||3,111||-0.17 %||Feb 20|
|Stock Market||12,008||-0.66 %||Feb 20|
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Colombia: Consumer sentiment gains considerable ground in January, but remains in pessimistic territory
February 19, 2019
The Fedesarrollo consumer confidence index improved markedly in January, climbing to minus 2.8 points from minus 8.3 points in December.
February 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 February, the industrial sector contracted for the first time in nine months in December.
February 5, 2019
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.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), exports swung to contraction in December from expansion in the previous month.
February 1, 2019
Colombia’s manufacturing sector slammed the brakes in January, on the heels of a five-month slump.