Colombia Inflation September 2020


Colombia: Inflation ticks up in September

October 5, 2020

Consumer prices rose 0.32% over the previous month in September, contrasting August´s 0.01% drop. September´s increase was largely driven by higher prices for information and communication, transport as well as for housing and utilities.

Meanwhile, inflation ticked up to 2.0% in September (August: 1.9%), thus landing at the lower band of the Central Bank’s target range of 2.0–4.0% percentage points. Meanwhile, annual average inflation inched down to 3.1% (August: 3.2%). Lastly, core inflation inched down from 2.3% in August to 2.2% in September.

FocusEconomics Consensus Forecast panelists expect inflation to end the year at 2.0%, which is down 0.1 percentage points from last month’s forecast. Next year, inflation is seen ending the year at 2.8%.


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Colombia Inflation Chart

Colombia Inflation September 20 20 0

Note: Year-on-year and month-on-month changes of the consumer price index in %.
Source: Colombia National Statistics Institute (DANE).

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