Inflation in Colombia
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
|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||6.58||0.0 %||Mar 11|
|Exchange Rate||3,179||-0.17 %||Mar 11|
|Stock Market||12,495||-0.66 %||Mar 11|
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March 6, 2019
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.
March 4, 2019
According to the National Department of Administrative Statistics (DANE), exports contracted again in January, although the rate of decline eased from the previous month.
March 1, 2019
Business conditions in Colombia’s manufacturing sector showed some improvement in February, with the rate of contraction easing slightly from the previous month.
February 28, 2019
According to the latest national accounts data released by the National Statistical Institute (DANE) on 28 February, the economy ended 2018 on a solid note, speeding up slightly in the final quarter.
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.