The annual inflation rate in Colombia fell to 3.01 percent in February 2019 from 3.15 percent in the prior month and below market expectations of 3.18 percent. It was the slowest inflation rate since September 2014. On a monthly basis, consumer prices went up 0.57 percent, following a 0.60 percent increase in December, and below market consensus of 0.74 percent. Notably, prices for education climbed 4.48 percent on a monthly basis. Inflation Rate in Colombia averaged 14.22 percent from 1955 until 2019, 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.

Inflation Rate in Colombia is expected to be 3.00 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 3.30 in 12 months time. In the long-term, the Colombia Inflation Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Colombia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-06 12:00 AM Inflation Rate YoY 3.27% 3.33% 3.34% 3.3%
2019-01-05 05:00 PM Inflation Rate YoY 3.18% 3.27% 3.20% 3.2%
2019-02-06 01:00 AM Inflation Rate YoY 3.15% 3.18% 3.25% 3.3%
2019-03-06 12:00 AM Inflation Rate YoY 3.01% 3.15% 3.18% 3.2%
2019-04-06 12:00 AM Inflation Rate YoY 3.01% 3.0%
2019-05-04 05:00 PM Inflation Rate YoY
2019-06-06 12:00 AM Inflation Rate YoY


Colombia Prices Last Previous Highest Lowest Unit
Inflation Rate 3.01 3.15 41.65 -0.87 percent [+]
Inflation Rate Mom 0.57 0.60 7.10 -1.49 percent [+]
Consumer Price Index CPI 101.18 100.60 101.18 0.03 Index Points [+]
Core Consumer Prices 101.25 100.54 101.25 36.13 Index Points [+]
Core Inflation Rate 3.13 3.10 9.83 2.66 percent [+]
Producer Prices 115.60 114.53 120.67 60.18 Index Points [+]
Food Inflation 1.40 2.43 35.59 -0.54 percent [+]
Producer Prices Change 3.82 2.72 15.64 -4.09 percent [+]
CPI Housing Utilities 100.53 100.25 100.53 0.07 Index Points [+]
CPI Transportation 101.15 100.37 101.15 44.63 Index Points [+]
Export Prices 111.85 109.34 118.64 0.18 Index Points [+]
Import Prices 118.12 118.67 120.05 0.32 Index Points [+]


Colombia Inflation Rate

In Colombia, the three main components of the consumer price index are: Housing (30.1 percent of the total weight); Food (28.1 percent) and Transports (15.2 percent). Others include: Other Expenses (6.4 percent); Education (5.7 percent ), Clothing (5.2 percent), Communications (3.7 percent); Leisure (3.1 percent) and Health Care (2.4 percent). The CPI covers the urban population of 24 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. This page provides - Colombia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.01 3.15 41.65 -0.87 1955 - 2019 percent Monthly
2008=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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