Inflation in Colombia
Colombia - Inflation
Inflation edges down in February
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.57% over the previous month in February, after a 0.60% month-on-month increase in January. Education costs soared in the month, followed by alcoholic beverages and tobacco, and transport, which saw a more modest upturn in prices. Meanwhile, information and communication was the only category to record a fall in prices and costs for healthcare remained stable from the previous month.
Inflation edged down to 3.0% in February, from 3.2% in January. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. A stronger peso has helped to push down price pressures. Emerging market currencies have gained ground on the Federal Reserve’s more cautious stance on interest rate hikes.
In January—the latest month for which data is available—core consumer prices—which exclude volatile items including fresh food and fruit—rose 0.5% over the previous month, following a 0.3% month-on-month rise in December. Meanwhile, core inflation inched down to 3.1% in January, from 3.2% in December.
Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.5%, which is unchanged from last month’s forecast. For 2020, the panel also expects inflation to end the year at 3.2%.
Colombia - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 2.0 | 2.9 | 5.0 | 7.5 | 4.3 |
Colombia Inflation Chart
Source: Statistical Institute (DANE).
Colombia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.43 | 0.0 % | Mar 20 |
| Exchange Rate | 3,088 | -0.17 % | Mar 20 |
| Stock Market | 13,328 | -0.66 % | Mar 20 |
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Economic News
Colombia: Consumer confidence deteriorates in February
March 21, 2019
The Fedesarrollo consumer confidence index deteriorated in February, falling to minus 5.6 points from minus 2.8 points in January.
Colombia: Industrial sectors accelerates sharply in January
March 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 March, the industrial sector accelerated markedly at the year’s outset.
Colombia: Inflation edges down in February
March 6, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.57% over the previous month in February, after a 0.60% month-on-month increase in January.
Colombia: Contraction in exports eases at the outset of the year
March 4, 2019
According to the National Department of Administrative Statistics (DANE), exports contracted again in January, although the rate of decline eased from the previous month.
Colombia: Manufacturing PMI edges up in February
March 1, 2019
Business conditions in Colombia’s manufacturing sector showed some improvement in February, with the rate of contraction easing slightly from the previous month.
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