Colombia Inflation June 2019

Colombia

Colombia: Inflation inches up in June

July 5, 2019

Consumer prices rose 0.27% over the previous month in June, following a 0.31% month-on-month increase in May. The moderation largely reflected a smaller upturn in the prices for accommodation, water, electricity and gas compared to the previous month.

Inflation ticked up to 3.4% in June from 3.3% in May, remaining within the Central Bank’s target band of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation inched up to 3.4% in June from 3.3% in May.

Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.2% over the previous month in May—the latest month for which data is available—following a 0.4% month-on-month upturn in April. Lastly, core inflation edged down to 3.2% in May from 3.3% in April.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.3%, which is unchanged from last month’s forecast. The panel expects inflation to end 2020 at 3.2%.


Author:, Economist

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Colombia Inflation June 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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