The annual inflation rate in Colombia quickened to 10.21% in July 2022 from 9.67% in the previous month, above market expectations of 9.96%. It was the highest reading since April of 1999, amid a generalized rise in prices, primarily for food & non-alcoholic beverages (24.61% vs 23.65% in June); restaurants & hotels (15.20% vs 15.17%); furnishings (13.58% vs 13%) and transport (9.12% vs 8.33%). On a monthly basis, consumer prices inched up by 0.81%, following a 0.51% rise in the prior month and topping market estimates of a 0.59% increase. source: Dane, Colombia

Inflation Rate in Colombia averaged 13.70 percent from 1955 until 2022, 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 August of 2022.

Inflation Rate in Colombia is expected to be 10.66 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 4.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Colombia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-06 12:00 AM Jun 9.67% 9.07% 9.72% 9.51%
2022-08-05 11:15 AM Jul 10.21% 9.67% 9.96% 9.82%
2022-09-05 12:00 PM Aug 10.21% 10.5%


Related Last Previous Unit Reference
Inflation Rate 10.21 9.67 percent Jul 2022
Inflation Rate Mom 0.81 0.51 percent Jul 2022
Consumer Price Index CPI 120.27 119.31 points Jul 2022
Producer Prices 184.71 180.03 points Jul 2022
Food Inflation 24.60 23.60 percent Jul 2022
Producer Prices Change 32.90 32.10 percent Jul 2022
Import Prices 169.10 159.97 points Jul 2022
Export Prices 216.26 207.17 points Jul 2022
CPI Transportation 117.58 116.47 points Jul 2022
CPI Housing Utilities 114.22 113.58 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
10.21 9.67 41.65 -0.87 1955 - 2022 percent Monthly
2018=100

News Stream
Colombia July Inflation Rate Hits Over 23-Year High
The annual inflation rate in Colombia quickened to 10.21% in July 2022 from 9.67% in the previous month, above market expectations of 9.96%. It was the highest reading since April of 1999, amid a generalized rise in prices, primarily for food & non-alcoholic beverages (24.61% vs 23.65% in June); restaurants & hotels (15.20% vs 15.17%); furnishings (13.58% vs 13%) and transport (9.12% vs 8.33%). On a monthly basis, consumer prices inched up by 0.81%, following a 0.51% rise in the prior month and topping market estimates of a 0.59% increase.
2022-08-05
Colombia Inflation Rate Slows in May
The annual inflation rate in Colombia eased to 9.07% in May 2022 from a near 22-year high of 9.23% in April, matching market estimates, amid a slight slowdown in prices of food & non-alcoholic beverages (21.60% vs 26.17% in April) and transport (7.61% vs 7.68%). Meanwhile, prices accelerated in several categories, in particular restaurants & hotels (14.73% vs 14.37%); furnishings (12.31% vs 11.76%); miscellaneous goods & services (8.05% vs 7.37%) and housing & utilities (5.36% vs 4.75%). On a monthly basis, consumer prices went up 0.84%, the smallest increase in five months, almost in line with market forecasts of a 0.83% rise.
2022-06-04
Colombia Inflation Rate Highest Since 2000
The annual inflation rate in Colombia accelerated to 9.23% in April 2022 from 8.53% in March, exceeding market consensus of 8.78% and pointing to the highest print since July 2000. Main upward pressures came from cost of food and non-alcoholic beverages (26.17% vs 25.37% in March), alcoholic beverages & tobacco (6.23% vs 6.05%), clothing (2.23% vs -1.1%), water, utilities (4.75% vs 4.36%), furniture (11.76% vs 10.53%), health (6.45% vs 5.98%), transport (7.68% vs 7.38%), recreation & culture (2.85% vs 3.72%), restaurants (14.37% vs 13.55%), and miscellaneous (7.37% vs 6.72%). Meantime, cost of information fell slightly slower (-10.01% vs -11.14%). On a monthly basis, consumer prices went up 1.25%, above forecasts of 0.88% and after a 1% gain in March. Last year, inflation was at 5.62%, the highest in 5 years. Colombia's inflation is not expected to return to the central bank's targeted 3% in the next 2 years, according to the central bank's board member Roberto Steiner.
2022-05-06