Colombia Inflation June 2018

Colombia

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. There was an across-the-board rise in prices, with communications recording the biggest upturn in prices and education seeing the smallest rise.

Inflation in June remained at May’s 3.2%. Consequently, it remained within the Central Bank’s target band of 3.0% plus or minus 1.0%.

In May—the latest month for which data is available—core consumer prices, which exclude volatile items including fresh food and fruit, ticked up 0.27%, following a revised 0.22% increase in April (previously reported: 0.00%). Meanwhile, core inflation rose to 3.8% in May after dropping to a revised 3.7% in April (previously reported: 3.8%).

Colombia Inflation Forecast


Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2018 at 3.3%, which is unchanged 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 Chart


Colombia Inflation June 2018 0

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


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