Colombia Inflation April 2018

Colombia

Colombia: Inflation remains at a two-and-a-half-year low in April

May 5, 2018

According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.46% over the previous month in April following a 0.24% month-on-month rise in March. Five out of the nine sub-components recorded higher prices from the previous month, three came in flat, and one registered a fall in prices. Prices for housing increased the most, while prices for entertainment declined.

Inflation remained at March’s 3.1% in April—the lowest rate since September 2014. It thus remained within the Central Bank’s target band of 3.0% plus or minus 1.0%.

In April, core consumer prices—which exclude volatile items including food and fuel—came in flat in April following a 0.3% rise over the previous month in March. Meanwhile, core inflation dropped to an over three-year low of 3.8% in April after coming in at 4.0% in March.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2018 at 3.3%, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel also expects inflation to end the year at 3.3%.


Author:, Economist

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Colombia Inflation April 2018

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


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