Colombia Inflation

Colombia

Colombia: Inflation remains at multi-year high in April

May 5, 2015

In April, consumer prices rose 0.54% over the previous month, which came in slightly below the 0.59% price increase registered in March, but overshot market analysts’ expectations of a 0.35% rise. April’s reading mainly reflected higher prices for food items and healthcare.

Inflation remained stable at March’s 4.6% in April, which represented the highest inflation rate since May 2009. As a result, inflation held steady above the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 3.0% target.

The core inflation index, which excludes volatile items such as fresh food and fuels, increased 0.50% month-on-month in April (March: +0.32% month-on-month). Core inflation inched up from March’s 3.7% to 4.0% in April.

LatinFocus Consensus Forecast participants expect that inflation will close 2015 at 3.8%, which is up 0.4 percentage points from last month’s forecast. For 2016, the panel expects inflation to end the year at 3.1%.


Author:, Economist

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Colombia Inflation Chart


Colombia Inflation April 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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