Colombia Inflation August 2019

Colombia

Colombia: Inflation holds steady in August

September 5, 2019

Consumer prices rose 0.09% over the previous month in August, following a 0.22% month-on-month upturn in July. August’s moderation mainly reflected lower prices for food and non-alcoholic beverages as well as for recreation and culture.

Inflation remained steady at July’s 3.8% in August. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation was unchanged at 3.3% in August.

Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.1% over the previous month in July—the latest month for which data is available—down slightly from June’s 0.2% increase. Lastly, core inflation remained stable at 3.3% in July.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.4%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2020 at 3.2%.


Author:, Economist

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Colombia Inflation August 2019

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


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