Colombia Inflation


Colombia: Inflation remains stable in October

October 5, 2010

In October, consumer prices dropped 0.09% over the previous month, which was slightly less than the 0.13% fall observed in September but contrasted market expectations, which had seen prices rising 0.3%. The monthly drop reflected lower prices for food as well as for clothing, which more than offset higher prices for housing. Annual headline inflation remained unchanged at September's 2.3%. The core inflation index, which strips out more volatile items such as fresh food and fuel, added 0.10% in September, the latest month for which data are available. As a result, annual core inflation remained unchanged at August's 3.0%. Owing to the benign inflationary environment and the evidence of the strong economic recovery, the Central Bank left the reference interest rate unchanged at a historic low of 3.00% at its latest monetary policy meeting on 29 October. Policy makers maintained their stance that inflation will remain moderate in the coming months, thus permitting authorities to maintain an accommodative position in order to contribute to economic growth. The Central Bank has set a 2.0% 1.0 percentage points inflation target for 2010 and currently expects inflation to end the year at around 3.0%. The next monetary policy meeting is scheduled for 19 November.


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Colombia Economic News

  • Colombia: Inflation remains steady in June

    July 5, 2018

    According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.

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    The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.

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  • Colombia: Central Bank keeps interest rate on hold in June

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    At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.

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  • Colombia:

    June 19, 2018

    The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.

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    June 15, 2018

    According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.

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