Colombia Inflation December 2017

Colombia

Colombia: Inflation remains steady in the last month of 2017

January 5, 2018

According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.38% over the previous month in December, up from the 0.18% month-on-month rise in November. Higher prices for entertainment again led the upturn. All categories recorded price increases, except for the cost of education, which remained steady from the previous month.

Inflation in December matched November’s 4.1% reading, remaining slightly above the Central Bank’s target of 3.0% plus or minus 1%.

In November—the latest month for which data is available—core consumer prices, which exclude volatile items including fresh foods and fuels, registered a 0.3% month-on-month rise, up from 0.08% in October. Core inflation, on the other hand, remained at 4.7%.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2018 at 3.4%, which is unchanged from last month’s forecast. For 2019, the panel expects inflation to end the year at 3.2%.


Author:, Economist

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Colombia Inflation December 2017

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


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