Inflation in Colombia
Colombia - Inflation
Inflation remains steady in May
Consumer prices rose 0.31% over the previous month in May, following a 0.50% month-on-month increase in April. Notably smaller upturns in the prices for accommodation, water, electricity and gas, and food and non-alcoholic beverages compared to the previous month lessened the overall upswing.
Inflation came in at 3.3% in May, matching April’s print, thus remaining within the Central Bank’s target band of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation inched up to 3.3% in May from 3.2% in April.
Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.4% over the previous month in April—the latest month for which data is available—following a 0.3% month-on-month upturn in February. Lastly, core inflation edged up to 3.3% in April from 3.1% in March.
Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.3%, which is unchanged from last month’s forecast. The panel expects inflation to end 2020 at 3.2%.
Colombia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.0||2.9||5.0||7.5||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Inflation Chart
Source: Statistical Institute (DANE).
|Bond Yield||6.04||0.0 %||Jun 13|
|Exchange Rate||3,269||-0.17 %||Jun 13|
|Stock Market||12,287||-0.66 %||Jun 13|
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June 5, 2019
Consumer prices rose 0.31% over the previous month in May, following a 0.50% month-on-month increase in April.
June 4, 2019
Business conditions in Colombia’s manufacturing sector improved again in May but at a softer rate compared to April.
June 4, 2019
Exports rose 2.2% over the same month of the previous year in April, contrasting a 0.8% year-on-year drop in March.
May 23, 2019
The economy grew 2.8% in annual terms in the first quarter of the year, up marginally from the fourth quarter’s revised 2.7% growth (previously reported: +2.8% year-on-year), according to the latest national accounts data released by the Statistical Institute (DANE) on 22 May.
May 17, 2019
Consumers turned pessimistic at the start of the second quarter, with the Fedesarrollo consumer confidence index plunging into negative territory in April, as it fell from 1.2 points in March to minus 9.6 points.