Colombia Inflation December 2019

Colombia

Colombia: Inflation inches down in December

January 4, 2020

Consumer prices rose 0.26% over the previous month in December, accelerating from November’s 0.10% increase. December’s reading largely reflected higher prices for housing and utilities, transport, restaurants and hotels, and recreation and culture.

Inflation ticked down to 3.8% in December from November’s revised 3.9% (previously reported: 3.8%). Thus, it edged closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation was stable at 3.5% in December.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2020 at 3.3%, which is unchanged from last month’s forecast. The panel expects inflation to end 2021 at 3.2%.


Author:, Economist

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Colombia Inflation Chart


Colombia Inflation December 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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