Inflation Rate in Colombia increased to 5.26 percent in November from 4.58 percent in October of 2021. source: Dane, Colombia

Inflation Rate in Colombia averaged 13.76 percent from 1955 until 2021, 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 2021.

Inflation Rate in Colombia is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Inflation Rate is projected to trend around 3.00 percent in 2022, according to our econometric models.

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Colombia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-06 12:00 AM Oct 4.58% 4.51% 4.81% 5%
2021-12-04 05:00 PM Nov 5.26% 4.58% 4.94% 4.9%
2022-01-06 12:25 AM Dec 5.26%


Related Last Previous Unit Reference
Inflation Rate 5.26 4.58 percent Nov/21
Inflation Rate Mom 0.50 0.01 percent Nov/21
Consumer Price Index CPI 110.06 110.03 points Oct/21
Producer Prices 145.75 142.14 points Oct/21
Food Inflation 12.40 11.50 percent Sep/21
Import Prices 142.77 142.39 points Oct/21
Export Prices 154.14 147.53 points Oct/21
CPI Transportation 109.31 108.77 points Oct/21
CPI Housing Utilities 108.56 108.25 points Oct/21
Producer Prices Change 21.95 19.66 percent Oct/21

News Stream
Colombia Inflation Rate Misses Forecasts
The annual inflation rate in Colombia rose to 4.58 percent in October of 2021 from 4.51 percent a month earlier and below market expectations of a 4.81 percent increase. This was the highest reading since April of 2017, boosted by further rises in cost of food and non-alcoholic beverages (13.21 percent vs 12.40 percent in September) and furniture (3.82 percent vs 3.46 percent). Meanwhile, the inflation eased for housing and utilities (3.06 percent vs 3.35 percent), transportation (4.29 percent vs 4.81 percent), and restaurants & hotels (6.72 percent vs 7.22 percent). On a monthly basis, consumer prices went up by 0.01 percent in October, after a 0.38 percent gain in the previous period.
2021-11-06
Colombia Inflation Rate at Near 4-1/2-Year High
The annual inflation rate in Colombia rose to 4.51 percent in September of 2021 from 4.44 percent a month earlier. This was the highest reading since April of 2017, boosted by further rises in cost of food and non-alcoholic beverages (12.40 percent vs 11.50 percent in August), housing and utilities (3.35 percent vs 3.47 percent), transportation (4.81 percent vs 5.06 percent), restaurants and hotels (7.22 percent vs 6.93 percent), and furniture (3.46 percent vs 3.26 percent). On a monthly basis, consumer prices went up by 0.38 percent in September, after a 0.45 percent gain in August.
2021-10-06
Colombia Inflation at Over 4-Year High
The annual inflation rate in Colombia edged up to 4.44 percent in August of 2021 from 3.97 percent in July, marking the highest reading since April of 2017. Cost advanced faster for housing and utilities (3.5 percent vs 3.3 percent in July), food and non-alcoholic beverages (11.5 percent vs 9.8 percent), transportation (5 .1 percent vs 5 percent), restaurants and hotels (6.9 percent vs 6.1 percent), and furniture (3.3 percent vs 2.9 percent). On a monthly basis, consumer prices rose 0.45 percent, after a 0.32 percent gain in the previous month.
2021-09-06

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.