Inflation in Colombia

Colombia Inflation | Economic News & Forecasts

Colombia - Inflation

Inflation holds steady in September

Consumer prices rose 0.23% over the previous month in September, following a 0.09% month-on-month increase in August. September’s uptick chiefly reflected higher prices for food, as well as for education.

Inflation was steady at August’s 3.8% in September. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation inched up to 3.4%, from 3.3% in August.

Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.1% over the previous month in August—the latest month for which data is available—matching July’s figure. Lastly, core inflation inched up to 3.4% in July, from 3.3% a month prior.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.5%, which is unchanged from last month’s forecast. The panel expects inflation to end 2020 at 3.2%, which is unchanged from last month’s forecast.

Colombia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.0  2.9  5.0  7.5  4.3  

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Colombia Inflation Chart

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

Colombia Facts

Bond Yield5.860.0 %Sep 04
Exchange Rate3,396-0.17 %Sep 04
Stock Market12,686-0.66 %Sep 04

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