Colombia Inflation September 2021

Colombia

Colombia: Inflation rises again in September

October 5, 2021

Consumer prices rose 0.38% in September over the previous month, moderating from August’s 0.45% increase. September’s result largely reflected softer price pressures for food and non-alcoholic beverages, as well as for restaurants and hotels.

Meanwhile, inflation came in at 4.5% in September, up from August’s 4.4%, moving further north from the Central Bank’s upper bound of the 2.0%–4.0% target range. Thus, the trend pointed up, with annual average inflation rising to 2.6% in September (August: 2.4%). Lastly, core inflation rose to 3.9% in August, the latest month for which data is available, from July’s 3.6%.

FocusEconomics Consensus Forecast panelists project inflation to end 2021 at 4.4%, which is up 0.4 percentage points from last month’s forecast. In 2022, inflation is seen ending the year at 3.4%.


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Colombia Inflation September 2021

Note: Year-on-year and month-on-month changes of the consumer price index in %.
Source: Colombia National Statistics Institute (DANE).


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