Inflation in Colombia

Colombia Inflation | Economic News & Forecasts

Colombia - Inflation

Inflation falls to over five-year low in June

Consumer prices fell a seasonally-adjusted 0.38% from the previous month in June, a sharper drop then the 0.32% fall recorded in May. Prices fell for 9 of the 12 subcategories of the index against a backdrop of weak demand due to the coronavirus crisis.

Inflation eased to 2.2% in June, down from May’s 2.9% print. June's reading represented the weakest inflation rate since January 2014. In addition, the trend pointed down mildly, with annual average inflation coming in at 3.6% in June (May: 3.7%). Core inflation fell to 2.3% from the previous month's 2.6%.

FocusEconomics Consensus Forecast panelists expect inflation to end the year at 2.6%, which is unchanged from last month’s forecast. Next year, inflation is seen ending the year at 3.0%.

Colombia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)5.0  7.5  4.3  3.2  3.5  

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Colombia Inflation Chart

Colombia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistical Institute (DANE).

Colombia Facts

Value Change Date
Bond Yield6.080.0 %Dec 30
Exchange Rate3,287-0.17 %Jan 01

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