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
|Inflation Rate (CPI, annual variation in %)||2.0||2.9||5.0||7.5||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Inflation Chart
Source: Statistical Institute (DANE).
|Bond Yield||5.82||0.0 %||Jul 31|
|Exchange Rate||3,281||-0.17 %||Jul 31|
|Stock Market||12,727||-0.66 %||Jul 31|
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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) .
August 20, 2019
Consumer sentiment improved in July, albeit remained in pessimistic territory.
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.
August 5, 2019
Consumer prices rose 0.22% over the previous month in July, following a 0.27% month-on-month upturn in June.
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.