Colombia Inflation

Colombia

Colombia: Inflation increases in September

October 6, 2015

In September, consumer prices rose 0.72% over the previous month, which came in above the 0.48% price increase registered in August. The reading overshot market analysts’ expectations of a 0.38% rise and marked a seven-month high. September’s reading mainly reflected higher prices for food and transport.

Inflation increased from August’s 4.7% to 5.4% in September, thus reaching its highest level since April 2009. As a result, inflation moved further above the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 3.0% target.

The core consumer prices index, which excludes volatile items such as fresh food and fuels, rose in September by 0.55% month-on-month (August: 0.30% month-on-month). Finally, core inflation inched up from August’s 4.3% to 4.7% in September.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will close 2015 at 4.0%, which is unchanged from last month’s forecast. For 2016, the panel expects inflation to end the year at 3.2%.


Author:, Economist

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Colombia Inflation Chart


Colombia Inflation September 2015

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


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