Inflation in Colombia
Colombia - Inflation
Inflation inches down in December
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.30% over the previous month in December, after a 0.12% month-on-month increase in November. Prices for entertainment recorded the biggest rise, while prices for communication fell—the only category to do so.
Inflation inched down to 3.2% in December, from 3.3% in November. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points.
In December, core consumer prices—which exclude volatile items including fresh food and fruit—rose 0.3% over the previous month, following a 0.2% month-on-month rise in October. Meanwhile, core inflation edged down to 3.2% in November, from 3.6% in October.
Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.4%, which is unchanged from last month’s forecast. For 2020, the panel also expects inflation to end the year at 3.3%.
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 | 6.74 | 0.0 % | Jan 16 |
| Exchange Rate | 3,118 | -0.17 % | Jan 16 |
| Stock Market | 11,656 | -0.66 % | Jan 16 |
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Economic News
Colombia: Consumer sentiment rises in December, but remains in negative territory
January 16, 2019
The Fedesarrollo consumer confidence index improved in December, rising to minus 8.3 points from minus 19.6 points in November.
Colombia: Inflation inches down in December
January 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.30% over the previous month in December, after a 0.12% month-on-month increase in November.
Colombia: Export growth moderates in November
January 3, 2019
According to the National Department of Administrative Statistics (DANE), export growth moderated in November.
Colombia: PMI drops to seven-month low in December
January 2, 2019
Colombia’s manufacturing sector expanded at broadly the same pace in December as it did in November.
Colombia: Central Bank holds benchmark interest rate at 4.25% at last meeting of the year
December 21, 2018
At its Board of Directors meeting on 21 December, Colombia’s Central Bank (Banco de la República, BanRep) kept the benchmark interest rate on hold at 4.25%, where it has been since 27 April when the Bank cut the rate by 25 basis points.
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