Inflation in Colombia
Colombia - Inflation
Inflation falls to over five-year low in June
Consumer prices fell a seasonally-adjusted 0.38% from the previous month in June, a sharper drop then the 0.32% fall recorded in May. Prices fell for 9 of the 12 subcategories of the index against a backdrop of weak demand due to the coronavirus crisis.
Inflation eased to 2.2% in June, down from May’s 2.9% print. June's reading represented the weakest inflation rate since January 2014. In addition, the trend pointed down mildly, with annual average inflation coming in at 3.6% in June (May: 3.7%). Core inflation fell to 2.3% from the previous month's 2.6%.
FocusEconomics Consensus Forecast panelists expect inflation to end the year at 2.6%, which is unchanged from last month’s forecast. Next year, inflation is seen ending the year at 3.0%.
Colombia - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 5.0 | 7.5 | 4.3 | 3.2 | 3.5 |
Colombia Inflation Chart
Source: Statistical Institute (DANE).
Colombia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.08 | 0.0 % | Dec 30 |
| Exchange Rate | 3,287 | -0.17 % | Jan 01 |
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Economic News
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Colombia: Consumer confidence edges up in June
July 7, 2020
The Fedesarrollo consumer confidence index came in at minus 33.1 in June, up marginally from May’s minus 34.0 but still representing one of the worst readings on record.
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Colombia: Manufacturing PMI points to start of recovery in June
July 2, 2020
The seasonally-adjusted Davivienda manufacturing Purchasing Managers’ Index (PMI) rose by over 17 points in June, recovering after the worst readings on record in April and May.
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Colombia: Exports record another plunge in May amid global shutdown
June 30, 2020
Exports plummeted 40.3% over the same month last year in May, marking one of the worst declines on record as the coronavirus pandemic halted the domestic and global economy.
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Colombia: BanRep chops policy rate to new record low
June 30, 2020
On 30 June, Colombia’s Central Bank (BanRep) decided to cut the benchmark interest rate by 25 basis points to a new record low of 2.50%.
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Colombia: Industrial activity contracts at sharpest pace on record in April
June 12, 2020
Industrial production declined a notable 35.8% year-on-year in April (March: -8.7% yoy).
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