Colombia Inflation

Colombia

Colombia: Inflation climbs in November

December 7, 2015

In November, consumer prices rose 0.60% over the previous month, which came in slightly below the 0.68% price increase registered in October and marked a three-month low. November’s moderation mainly reflected a decrease in prices of transport, which more than offset an increase in food prices.

Inflation increased from October’s 5.9% to 6.4% in November, thus reaching its highest level since February 2009. As a result, inflation moved further above the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 3.0% target.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will close 2015 at 5.0%, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel expects inflation to end the year at 3.6%, which is unchanged from last month’s estimate.


Author:, Economist

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Colombia Inflation November 2015

Note: Year-on-year and month-on-month variation of cons. price index in %.
Source: Colombia National Statistical Institute (DANE).


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