Colombia Inflation Rate1955-2020 Data | 2021-2022 Forecast | Calendar | Historical

Consumer prices in Colombia advanced at a softer pace of 3.51 percent in April 2020 from 3.86 percent in the previous month, as weak demand in services amid a country lockdown weighed mainly on services. The index recorded an unusual 8.23 percent hike in prices of food & beverages, as prices jumped for rise (40.8 percent), oranges (33.7 percent), and fresh vegetables and legumes (27 percent). In contrast, telecom prices dropped 1.89 percent. On a monthly basis, consumer prices increased 0.16 percent after climbing 0.57 percent in March, with food and beverages rising a sharp 2.04 percent amid panic purchases.

The annual inflation rate in Colombia rose to 3.72 percent in February 2020 from 3.62 percent in the prior month. Prices advanced at a faster pace for food, beverages & tobacco (5.87 percent vs 5.13 percent in January); housing & utilities (3.45 percent vs 3.25 percent); education (6.06 percent vs 5.75 percent); information & communication (1.69 percent vs 1.66 percent); clothing & footwear (1.31 percent vs 1.07 percent); health (3.73 percent vs 3.04 percent); and education (6.06 percent vs 5.75 percent). In contrast, cost eased for transport (3.24 percent vs 3.76 percent); restaurants & hotels (3.72 percent vs 3.94 percent); miscellaneous goods & services (2.67 percent vs 2.87 percent); recreation & culture (3.41 percent vs 3.72 percent); furnishings (2.55 percent vs 2.60 percent); and alcoholic beverages & tobacco (4.83 percent vs 5.39 percent). On a monthly basis, consumer prices were up 0.67 percent, after increasing 0.42 percent in the previous month.

The annual inflation rate in Colombia dropped to 3.62 percent in January from 3.80 percent in the prior month. It was the lowest inflation rate since June, amid a slowdown in cost of food, beverages & tobacco (5.13 percent vs 5.80 percent in December); housing & utilities (3.25 percent vs 3.46 percent); liquor & tobacco (5.39 percent vs 5.48 percent), and information & communication (1.66 percent vs 2.73 percent). In contrast, prices advanced for transport (3.76 percent vs 3.41 percent), mainly explained by a seasonal increase in urban tariffs during January; clothing & footwear (1.07 percent vs 0.69 percent); and health (3.04 percent vs 2.82 percent). Also, inflation was steady for education (at 5.75 percent). On a monthly basis,consumer prices were up 0.42 percent, after increasing 0.26 percent in the previous month.

The annual inflation rate in Colombia dropped to 3.80 percent in December 2019 from 3.84 percent in the prior month. It was the lowest inflation rate since August, mainly due to prices of housing & utilities (3.46 percent vs 3.61 percent in November) and food & non-alcoholic beverages & tobacco (5.80 percent vs 6.43 percent). At the same time, inflation was steady for clothing & footwear (at 0.69 percent) and education (at 5.75 percent). Meanwhile, cost rose faster for transport (3.41 percent vs 3.30 percent); information & communication (2.73 percent vs 1.73 percent); recreation & culture (3.70 percent vs 2.82 percent); alcoholic beverages & tobacco (5.48 percent vs 4.96 percent); health (2.82 percent vs 2.76 percent) and furnishings (2.54 percent vs 2.49 percent). On a monthly basis,consumer prices were up 0.26 percent, after increasing 0.10 percent in the previous month.