Colombia Inflation September 2019

Colombia

Colombia: Inflation holds steady in September

October 5, 2019

Consumer prices rose 0.23% over the previous month in September, following a 0.09% month-on-month increase in August. September’s uptick chiefly reflected higher prices for food, as well as for education.

Inflation was steady at August’s 3.8% in September. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation inched up to 3.4%, from 3.3% in August.

Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.1% over the previous month in August—the latest month for which data is available—matching July’s figure. Lastly, core inflation inched up to 3.4% in July, from 3.3% a month prior.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.5%, which is unchanged from last month’s forecast. The panel expects inflation to end 2020 at 3.2%, which is unchanged from last month’s forecast.


Author:, Economist

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Colombia Inflation September 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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