Inflation in Colombia
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
|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||5.86||0.0 %||Sep 04|
|Exchange Rate||3,396||-0.17 %||Sep 04|
|Stock Market||12,686||-0.66 %||Sep 04|
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October 17, 2019
Consumers turned less pessimistic in September, with the Fedesarrollo consumer confidence index rising to minus 10.7 from 11.8 in August, which had marked the lowest result since November 2018.
October 15, 2019
Industrial production grew a meager 0.1% year-on-year in August, down from July’s 3.5% which had marked the fastest expansion since November 2018.
October 5, 2019
Consumer prices rose 0.23% over the previous month in September, following a 0.09% month-on-month increase in August.
October 1, 2019
Exports sank 11.6% over the same month of the previous year in August, following the 9.9% year-on-year decline in July.
October 1, 2019
Business conditions in Colombia’s manufacturing sector continued to improve in September.