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.
Inflation Rate in Colombia averaged 13.97 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 October of 2020.
Inflation Rate in Colombia is expected to be 1.70 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 2.60 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.