Inflation in Colombia

Colombia Inflation (eop) | Economic News & Forecasts

Colombia - Inflation (end of period)

Inflation edges down in February

According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.57% over the previous month in February, after a 0.60% month-on-month increase in January. Education costs soared in the month, followed by alcoholic beverages and tobacco, and transport, which saw a more modest upturn in prices. Meanwhile, information and communication was the only category to record a fall in prices and costs for healthcare remained stable from the previous month.

Inflation edged down to 3.0% in February, from 3.2% in January. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. A stronger peso has helped to push down price pressures. Emerging market currencies have gained ground on the Federal Reserve’s more cautious stance on interest rate hikes.

In January—the latest month for which data is available—core consumer prices—which exclude volatile items including fresh food and fruit—rose 0.5% over the previous month, following a 0.3% month-on-month rise in December. Meanwhile, core inflation inched down to 3.1% in January, from 3.2% in December.

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 3.2%.

Colombia - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)1.9  3.7  6.8  5.7  4.1  

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Colombia Inflation (eop) Chart

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

Colombia Facts

Bond Yield6.580.0 %Mar 11
Exchange Rate3,179-0.17 %Mar 11
Stock Market12,495-0.66 %Mar 11

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