The annual inflation rate in Colombia eased for the eighth consecutive month to 1.49% in November of 2020, the lowest since November of 1955 and below market expectations of 1.7%. Prices slowed mostly for housing & utilities (1.49% vs 1.69% in October); transport (1.71% vs 1.84%); information & communication (0.48% vs 0.88%) and recreation & culture (1.40% vs 2.32%). In addition, costs fell for clothing & footwear (-6.62% vs -2.92%) and furnishings (-1.17% vs -0.75%) due to seasonal discounts; and education (-5.02% vs -4.03%) amid adjustments in costs of tuition and fees at public universities. On a monthly basis, consumer prices went down 0.15%, following a 0.06% drop in October and against market expectations of a 0.05% increase, mainly due to lower prices of clothing & footwear (-3.71% vs -0.13%). source: Dane, Colombia

Inflation Rate in Colombia averaged 13.92 percent from 1955 until 2020, reaching an all time high of 41.65 percent in June of 1977 and a record low of -0.87 percent in July of 1955. This page provides - Colombia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Inflation Rate in Colombia is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Colombia to stand at 2.70 in 12 months time. In the long-term, the Colombia Inflation Rate is projected to trend around 2.90 percent in 2021 and 3.10 percent in 2022, according to our econometric models.

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Colombia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.49 1.75 41.65 -0.87 1955 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-09-05 05:00 PM Aug 1.88% 1.97% 2% 2%
2020-10-06 07:00 PM Sep 1.97% 1.88% 1.72% 1.7%
2020-11-06 01:00 AM Oct 1.75% 1.97% 1.96% 1.9%
2020-12-05 05:00 PM Nov 1.49% 1.75% 1.7% 1.7%
2021-01-04 05:00 PM Dec 1.49%
2021-02-05 12:15 AM Jan
2021-03-05 12:00 AM Feb
2021-04-05 05:00 PM Mar


News Stream
Colombia November Inflation Rate Lowest Since 1955
The annual inflation rate in Colombia eased for the eighth consecutive month to 1.49% in November of 2020, the lowest since November of 1955 and below market expectations of 1.7%. Prices slowed mostly for housing & utilities (1.49% vs 1.69% in October); transport (1.71% vs 1.84%); information & communication (0.48% vs 0.88%) and recreation & culture (1.40% vs 2.32%). In addition, costs fell for clothing & footwear (-6.62% vs -2.92%) and furnishings (-1.17% vs -0.75%) due to seasonal discounts; and education (-5.02% vs -4.03%) amid adjustments in costs of tuition and fees at public universities. On a monthly basis, consumer prices went down 0.15%, following a 0.06% drop in October and against market expectations of a 0.05% increase, mainly due to lower prices of clothing & footwear (-3.71% vs -0.13%).
2020-12-05
Colombia Inflation Rate Slows to Lowest Since 1955
The annual inflation rate in Colombia declined to 1.75 percent in October of 2020, the least since November 1955, from 1.97 percent in the prior month and below market expectations of 1.96 percent. Housing & utilities inflation eased (1.69 percent vs 1.95 percent in September) while that of food & non-alcoholic beverages slowed to a 18-month low of 3.54 percent in October from 4.13 percent in September. Also, inflation decreased for recreation & cultures (2.32 percent vs 2.74 percent); miscellaneous goods & services (2.51 percent vs 2.76 percent) and information & culture (0.88 percent vs 0.95 percent). Additionally, prices of clothing & footwear fell more (-2.92 percent vs -2.75 percent). On the other hand, transport prices continued to rise (1.84 percent vs 1.07 percent). On a monthly basis, prices edged down 0.06 percent, the first monthly decline since June, after increasing by 0.32 percent in September.
2020-11-06
Colombia Inflation Rate Unexpectedly Rises in September
The annual inflation rate in Colombia increased to 1.97 percent in September of 2020 from a near seven-year low of 1.88 percent in the prior month and below market expectations of 1.72 percent. Prices advanced further for housing & utilities (1.95 percent vs 1.64 percent in August); transport (1.07 percent vs 0.29 percent); recreation & cultures (2.74 percent vs 2.33 percent); and miscellaneous goods & services (2.76 percent vs 2.69 percent). Also, cost of information & culture rebounded (0.95 percent vs -1.58 percent), while prices of clothing & footwear fell less (-2.75 percent vs -2.88 percent). On the other hand, cost of food & non-alcoholic beverages slowed (4.13 percent vs 4.66 percent in August). On a monthly basis, prices increased 0.32 percent after remaining unchanged for two straight months.
2020-10-06
Colombia August Inflation Rate Near 7-Year Low of 1.88%
The annual inflation rate in Colombia fell further to 1.88 percent in August of 2020 from 1.97 percent in the prior month and below market expectations of 2 percent. It was the lowest inflation rate since November of 2013 amid the easing of Covid-19 lockdown restrictions. Cost slowed mostly for food & non-alcoholic beverages (4.66 percent vs 5 percent in July); housing & utilities (1.64 percent vs 1.73 percent) and education (2.16 percent vs 5.96 percent). In addition, prices continued to decrease for information & communication (-1.58 percent vs -5.16 percent); clothing & footwear (-2.88 percent vs -1.69 percent) and furnishings (-0.88 percent vs -0.79 percent). On a monthly basis, prices remained flat for a second consecutive month, against market estimates of a 0.11 percent increase.
2020-09-05

Colombia Inflation Rate
In Colombia, the three main components of the consumer price index are: Housing & Utilities (33.1 percent of the total weight); Food and Non-Alcoholic Beverages (15.1 percent) and Transport (12.9 percent). Others include: Restaurants & Hotels (9.4 percent); Miscellaneous Goods & Services (5.4 percent); Education (4.4 percent) and Information & Communication (4.3 percent). Furnishings, Clothing & Footwear, Recreation & Culture, Alcoholic Beverages & Tobacco and Health account for the remaining 15.4 percent of total weight. The CPI covers the urban population of 38 capital city departments, including some metropolitan areas, which account for the largest population registered in the country and have the most dynamic economic environment in comparison to the remaining cities of the country.