Colombia Inflation April 2020

Colombia

Colombia: Inflation falls to lowest level since June 2019

May 5, 2020

Consumer prices increased a seasonally-adjusted 0.16% over the previous month in April, moderating from the 0.57% rise logged in March. April's result marked the softest rise in prices since November 2019 and largely reflected lower prices for information and communication, as well as for transport, compared to the previous month.

Inflation came in at 3.5% in April, down from March’s 3.9%. April's reading marked the lowest inflation rate since June 2019. Annual average inflation was unchanged at March's 3.7% in April. Lastly, core inflation fell to 3.0% from March’s 3.3%.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2020 at 3.2%, which is down 0.1 percentage points from last month’s forecast. The panel also expects inflation to end 2021 at 3.2%.


Author:, Economist

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Colombia Inflation April 20 20

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


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