Colombia Inflation October 2019

Colombia

Colombia: Inflation inches up in October

November 5, 2019

Consumer prices rose 0.16% over the previous month in October, decelerating from September’s 0.23% increase. October’s print reflected slower rising prices for food, as well as lower prices for household items.

Inflation ticked up to 3.9% in October (September: 3.8%), thus edging closer to the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation remained unchanged at September’s 3.4%.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2020 at 3.3%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2021 at 3.1%.


Author:, Economist

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Colombia Inflation October 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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