Inflation in Colombia
Colombia - Inflation (end of period)
Inflation edges up in May
According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.25% over the previous month in May, a softer upturn compared to the 0.46% rise in April. Three out of the nine sub-components recorded sharper price increases from the previous month, two recorded softer price increases, one came in flat, and two registered a fall in prices. Prices for entertainment increased the most, while prices for clothing and communications declined.
Inflation ticked up to 3.2% in May from 3.1% in April. Consequently, it remained within the Central Bank’s target band of 3.0% plus or minus 1.0%.
Core consumer prices—which exclude volatile items including fresh food and fruit—ticked up 0.27% in May, following a revised 0.22% increase in April (previously reported: 0.0%). Meanwhile, core inflation rose to 3.8% in May after dropping to a revised 3.7% in April (previously reported: 3.8%).
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.9||3.7||6.8||5.7||4.1|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Inflation (eop) Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.62||0.0 %||Jun 14|
|Exchange Rate||2,863||-0.17 %||Jun 14|
|Stock Market||12,282||-0.66 %||Jun 14|
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June 5, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.25% over the previous month in May, a softer upturn compared to the 0.46% rise in April.
June 1, 2018
The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) dropped to 51.1 in May after rising to a 19-month high of 52.1 in April.
June 1, 2018
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports rocketed to 38.5% in April, up from a meagre 1.4% in March.
May 22, 2018
According to the latest GDP data released by the National Statistical Institute (DANE) on 22 May, the economy grew 2.2% in the first quarter, picking up from a revised 1.8% figure in the final quarter of 2017 (previously reported: +1.6% year-on-year).
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