Inflation in Colombia

Colombia Inflation | Economic News & Forecasts

Colombia - Inflation

Inflation rises again in September

Consumer prices rose 0.38% in September over the previous month, moderating from August’s 0.45% increase. September’s result largely reflected softer price pressures for food and non-alcoholic beverages, as well as for restaurants and hotels.

Meanwhile, inflation came in at 4.5% in September, up from August’s 4.4%, moving further north from the Central Bank’s upper bound of the 2.0%–4.0% target range. Thus, the trend pointed up, with annual average inflation rising to 2.6% in September (August: 2.4%). Lastly, core inflation rose to 3.9% in August, the latest month for which data is available, from July’s 3.6%.

FocusEconomics Consensus Forecast panelists project inflation to end 2021 at 4.4%, which is up 0.4 percentage points from last month’s forecast. In 2022, inflation is seen ending the year at 3.4%.

Colombia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)5.0  7.5  4.3  3.2  3.5  

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Colombia Inflation Chart

Colombia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistical Institute (DANE).

Colombia Facts

Value Change Date
Bond Yield6.080.0 %Dec 30
Exchange Rate3,287-0.17 %Jan 01

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