Colombia Inflation January 2020

Colombia

Colombia: Inflation ticks down in January

February 5, 2020

Consumer prices rose 0.42% over the previous month in January, accelerating from December’s 0.26% increase. January’s reading largely reflected higher prices for food and non-alcoholic beverages, as well as for transport.

Inflation ticked down to 3.6% in January from December’s 3.8%. Thus, it edged closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation came in at 3.6% in January, up from December’s 3.5%.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2020 at 3.3%, which is unchanged from last month’s forecast. The panel expects inflation to end 2021 at 3.3%.


Author:, Economist

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Colombia Inflation January 20 20

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


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