Inflation in Colombia

Colombia Inflation | Economic News & Forecasts

Colombia - Inflation

Inflation climbs in July amid a weakening of the peso

Consumer prices rose 0.22% over the previous month in July, following a 0.27% month-on-month upturn in June. July’s print reflected a softer increase in the prices for food and non-alcoholic beverages, and transport. Moreover, prices for clothing and footwear, and restaurants and hotels swung to decline.

Inflation shot up to 3.8% in July from 3.4% in June. Nevertheless, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Rising food prices led the charge, partly owing to a weaker peso boosting the cost of food imports. Meanwhile, annual average inflation inched down to 3.3% in July from 3.4% in June.

Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.2% over the previous month in June—the latest month for which data is available—mirroring May’s reading. Lastly, core inflation creeped up to 3.3% in June from 3.2% in May.

Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2019 at 3.4%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2020 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  

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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 Yield5.820.0 %Jul 31
Exchange Rate3,281-0.17 %Jul 31
Stock Market12,727-0.66 %Jul 31

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