Inflation in Colombia

Colombia Inflation | Economic News & Forecasts

Colombia - Inflation

Inflation comes in at highest level since April 1999 in July

Consumer prices increased 0.80% in July over the previous month, accelerating from June's 0.51% rise. The result was driven by rising prices for housing and utilities, and food and non-alcoholic beverages.

Inflation came in at 10.2% in July, which was up from June’s 9.7%. July's result represented the highest inflation rate since April 1999. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.2% in July (June: 6.7%). Lastly, core inflation rose to 8.8% in July, from June’s 8.4%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2022 at 9.3%, which is up 0.3 percentage points from last month’s forecast. In 2023, inflation is seen ending the year at 4.8%.

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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