Colombia Inflation November 2018


Colombia: Inflation remains stable in November, remaining with the Central Bank's target band

December 5, 2018

According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.12% over the previous month in November, matching October’s reading. Seven out of the nine sub-components recorded higher prices, while the remaining two saw a decline in prices. Prices for entertainment increased the most, while prices for healthcare registered the biggest fall.

Inflation remained at 3.3% in November, also matching October’s print. Thus, it stayed within the Central Bank’s target band of 3.0% plus or minus 1.0 percentage points.

In October—the latest month for which data is available—core consumer prices, which exclude volatile items including food and fuel, rose 0.1% over the previous month, matching September’s print. Meanwhile, core inflation remained at 3.6% in October.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 5.9%, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel also expects inflation to end the year at 5.7%.


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Colombia Inflation Chart

Colombia Inflation November 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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