Inflation in Colombia
Colombia - Inflation
Inflation comes in at highest level since April 1999 in July
Consumer prices increased 0.80% in July over the previous month, accelerating from June's 0.51% rise. The result was driven by rising prices for housing and utilities, and food and non-alcoholic beverages.
Inflation came in at 10.2% in July, which was up from June’s 9.7%. July's result represented the highest inflation rate since April 1999. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.2% in July (June: 6.7%). Lastly, core inflation rose to 8.8% in July, from June’s 8.4%.
FocusEconomics Consensus Forecast panelists expect inflation to end 2022 at 9.3%, which is up 0.3 percentage points from last month’s forecast. In 2023, inflation is seen ending the year at 4.8%.
Colombia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.0||7.5||4.3||3.2||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Inflation Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.08||0.0 %||Dec 30|
|Exchange Rate||3,287||-0.17 %||Jan 01|
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August 5, 2022
Consumer prices increased 0.80% in July over the previous month, accelerating from June's 0.51% rise.
August 2, 2022
Merchandise exports expanded 17.2% year-on-year in June, decelerating from May’s 47.0% increase.
August 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 49.5 in July, down from June's 55.7—the second-best reading on record.
August 1, 2022
At its 29 July meeting, the Board of Directors of Colombia’s Central Bank (BanRep) voted to increase the benchmark interest rate by 150 basis points, from 7.50% to 9.00%.
July 15, 2022
Manufacturing output grew 46.2% in year-on-year terms in May, which was above April's 13.7% increase.