Inflation in Colombia

Colombia Inflation (eop) | Economic News & Forecasts

Colombia - Inflation (end of period)

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 (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

ValueChangeDate
Bond Yield7.070.0 %Oct 16
Exchange Rate3,052-0.17 %Oct 16
Stock Market12,446-0.66 %Oct 16

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