Colombia Inflation December 2018


Colombia: Inflation inches down in December

January 5, 2019

According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.30% over the previous month in December, after a 0.12% month-on-month increase in November. Prices for entertainment recorded the biggest rise, while prices for communication fell—the only category to do so.

Inflation inched down to 3.2% in December, from 3.3% in November. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points.

In December, core consumer prices—which exclude volatile items including food and fuel—rose 0.3% over the previous month, following a 0.2% month-on-month rise in October. Meanwhile, core inflation edged down to 3.2% in November, from 3.6% in October.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.4%, which is unchanged from last month’s forecast. For 2020, the panel also expects inflation to end the year at 3.3%.


Sample Report

Looking for forecasts related to Inflation in Colombia? Download a sample report now.


Colombia Inflation Chart

Colombia Inflation December 2018

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

Colombia Economic News

More news

Search form