Colombia Inflation June 2021

Colombia

Colombia: Inflation accelerates in June

July 3, 2021

Consumer prices tumbled 0.05% over the previous month in June, contrasting May’s 1.00% increase and marking the first drop in prices in seven months. June’s slide was largely attributed to falling prices for food and non-alcoholic beverages.

Inflation accelerated to 3.6% in June, following May’s 3.3% reading, moving further above the midpoint of the Bank’s 2.0–4.0% target range. Annual average inflation remained edged up 2.0% in June following May’s 1.9%. Lastly, core inflation came in at 3.4% in June from the previous month’s 2.8%.

FocusEconomics Consensus Forecast panelists project inflation to end 2021 at 3.2%, which is up 0.2 percentage points from last month’s forecast. In 2022, inflation is seen ending the year at 3.2%.


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Colombia Inflation June 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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