Colombia Inflation

Colombia

Colombia: Inflation remains stable in June

July 13, 2015

In June, consumer prices rose 0.10% over the previous month, which came in below the 0.26% price increase registered in May. The reading slightly undershot market analysts’ expectations of a 0.13% rise and marked the lowest value in a year. June’s reading mainly reflected lower prices for food items.

Inflation remained stable in June at May’s 4.4%. As a result, inflation remained 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 0.37% month-on-month in June (May: +0.56% month-on-month). Core inflation inched up from May’s 4.1% to 4.2% in June and hit its highest value since September 2009.

LatinFocus Consensus Forecast participants expect that inflation will close 2015 at 3.9%, which is unchanged 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 June 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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