The annual inflation rate in Colombia edged up to 3.43 percent in June 2019 from 3.31 percent in the prior month to surpass market expectations of 3.38 percent. It was an 8-month high, as inflation for liquor & tobacco jumped to 5.2 percent (vs 5.1 percent). In contrast, inflation for communications declined to 0.1 percent from 1.9 percent. On a monthly basis, consumer prices went up 0.27 percent, after increasing 0.31 percent in the previous month. Inflation Rate in Colombia averaged 14.16 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 3.40 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 3.20 in 12 months time. In the long-term, the Colombia Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.