Inflation in Colombia
Colombia - Inflation
Inflation climbs in July amid a weakening of the peso
Consumer prices rose 0.22% over the previous month in July, following a 0.27% month-on-month upturn in June. July’s print reflected a softer increase in the prices for food and non-alcoholic beverages, and transport. Moreover, prices for clothing and footwear, and restaurants and hotels swung to decline.
Inflation shot up to 3.8% in July from 3.4% in June. Nevertheless, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Rising food prices led the charge, partly owing to a weaker peso boosting the cost of food imports. Meanwhile, annual average inflation inched down to 3.3% in July from 3.4% in June.
Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.2% over the previous month in June—the latest month for which data is available—mirroring May’s reading. Lastly, core inflation creeped up to 3.3% in June from 3.2% in May.
Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.4%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2020 at 3.2%.
Colombia - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 2.0 | 2.9 | 5.0 | 7.5 | 4.3 |
Colombia Inflation Chart
Source: Statistical Institute (DANE).
Colombia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.82 | 0.0 % | Jul 31 |
| Exchange Rate | 3,281 | -0.17 % | Jul 31 |
| Stock Market | 12,727 | -0.66 % | Jul 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Colombia: Growth eases in Q2 on softer domestic demand
August 22, 2019
Economic growth edged down to 3.0% year-on-year in the second quarter, from an upwardly revised 3.1% in the first quarter (previously reported: +2.8% year-on-year) .
Colombia: Consumers become less pessimistic in July
August 20, 2019
Consumer sentiment improved in July, albeit remained in pessimistic territory.
Colombia: Industrial sector swings back to contraction in June
August 14, 2019
Industrial production fell 1.1% over the same month of the last year in June, according to data released by the country’s National Administrative Department of Statistics (DANE) on 14 August.
Colombia: Inflation climbs in July amid a weakening of the peso
August 5, 2019
Consumer prices rose 0.22% over the previous month in July, following a 0.27% month-on-month upturn in June.
Colombia: Exports in June fall at the sharpest rate this year
August 2, 2019
Exports contracted 8.7% over the same month of the previous year in June, contrasting a 1.2% year-on-year rise in May.
© Copyright: 2019 | Colombia Inflation | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
