Inflation in Colombia

Colombia Inflation (eop) | Economic News & Forecasts

Colombia - Inflation (end of period)

Inflation inches up in October

Consumer prices rose 0.02% in October over the previous month, cooling from September 0.38% increase and logging the lowest print in four months. October’s result largely reflected softer price pressures for household and utilities.

Meanwhile, inflation inched up to 4.6% in October, up from September’s 4.5%, moving further above from the Central Bank’s upper bound of the 2.0%–4.0% target range. Thus, the trend pointed up, with annual average inflation rising to 2.9% in October (September: 2.6%). Lastly, core inflation cooled to 3.8% in September, the latest month for which data is available, from 3.9% in August.

FocusEconomics Consensus Forecast panelists project inflation to end 2022 at 3.5%, which is up 0.1 percentage points from last month’s forecast. In 2023, inflation is seen ending the year at 3.2%.

Colombia - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)6.8  5.7  4.1  3.2  3.8  

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Colombia Inflation (eop) 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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