Inflation in Colombia
Colombia - Inflation
Inflation inches up in October
Consumer prices rose 0.02% in October over the previous month, cooling from September 0.38% increase and logging the lowest print in four months. October’s result largely reflected softer price pressures for household and utilities.
Meanwhile, inflation inched up to 4.6% in October, up from September’s 4.5%, moving further above 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 2.9% in October (September: 2.6%). Lastly, core inflation cooled to 3.8% in September, the latest month for which data is available, from 3.9% in August.
FocusEconomics Consensus Forecast panelists project inflation to end 2022 at 3.5%, which is up 0.1 percentage points from last month’s forecast. In 2023, inflation is seen ending the year at 3.2%.
Colombia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.0||7.5||4.3||3.2||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Inflation Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.08||0.0 %||Dec 30|
|Exchange Rate||3,287||-0.17 %||Jan 01|
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Colombia: Consumer confidence hits highest reading since January 2020 in October; remains in negative territory
November 8, 2021
The Fedesarrollo consumer confidence came in at minus 1.3 in October, improving from September's minus 3.0.
November 5, 2021
Consumer prices rose 0.02% in October over the previous month, cooling from September 0.38% increase and logging the lowest print in four months.
November 2, 2021
Merchandise exports expanded 40.4% year-on-year in September, accelerating markedly from August’s 28.4% growth.
November 2, 2021
The seasonally-adjusted Manufacturing Purchasing Managers' Index (PMI)—produced by IHS Markit and Davividenda—fell to 54.0 in October from 55.5 in September, which had marked the second-highest reading on record.
October 29, 2021
At its 29 October meeting, the Board of Directors of Colombia’s Central Bank (BanRep) decided to raise the benchmark interest rate by 50 basis points to 2.50% from 2.00%.