Colombia Inflation April 2016


Colombia: Inflation inches eases slightly from March's 14-year high

May 6, 2016

In April, consumer prices rose 0.50% over the previous month, which was a smaller increase compared to the 0.94% rise registered in March and undershot market expectations of a 0.61% increase. According to DANE, food prices observed the largest increase over the previous month, while the living expenses component of the index witnessed the only decrease in prices.

Inflation inched down from 8.0% in March, which had marked the highest reading in 14 years, to 7.9% in April. Inflation is still well above the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 3.0% target.

The core consumer price index, which excludes volatile items such as fresh food and fuels, increased in April by 0.70% month-on-month (March: +0.54% mom). Finally, core inflation rose from March’s 6.5% to 6.7% April, following a steady upward trend since mid-2014.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will close 2016 at 5.8%, which is unchanged from last month’s forecast. For 2017, the panel expects inflation to end the year at 3.7%.

Author:, Economist

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Colombia Inflation Chart

Colombia Inflation April 2016

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

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