Colombia Inflation July 2020

Colombia

Colombia: Inflation falls to lowest level since December 2013 in July

August 7, 2020

Consumer prices were unchanged over the previous month in July, following the 0.38% drop recorded in June. Rising prices for several categories including transport, healthcare, and hotels and restaurants were balanced out largely by a fall in prices for food and non-alcoholic beverages.

Inflation dropped to 2.0% in July, from June’s 2.2%. July's reading marked the lowest inflation rate since December 2013. Annual average inflation edged down to 3.4% in July (June: 3.6%). Lastly, core inflation was unchanged coming in at June's 2.3% in July.

FocusEconomics Consensus Forecast panelists expect inflation to end the year at 2.7%, which is unchanged from last month’s forecast. Next year, inflation is seen ending the year at 2.9%.


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Colombia Inflation July 20 20

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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