The annual inflation rate in Colombia jumped to 3.3% in May of 2021, the highest in a year, from 1.95% in April, due to a jump in food prices (9.5% vs 4% in April) amid disruptions in supply chains in the face of anti-government protests and roadblocks. Additional upward pressure came from prices of restaurants & hotels (4.8% vs 4%); transport (4.3% vs 3.5%); health (4.1% vs 4.3%); alcoholic beverages & tobacco (2.8%, the same pace as in April); housing & utilities (2.6% vs 2.1%) and miscellaneous goods & services (2.6% vs 2.3%). On a monthly basis, consumer prices inched up 1%, the most since February of 2017, attributed to road blockades linked to weeks of anti-government protests in Colombia. The biggest increase was registered in the prices of food and non-alcoholic beverages (5.37%). source: Dane, Colombia

Inflation Rate in Colombia averaged 13.83 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 June of 2021.

Inflation Rate in Colombia is expected to be 4.60 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 2022 and 3.00 percent in 2023, according to our econometric models.

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Colombia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 1.95 41.65 -0.87 1955 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-03-06 12:00 AM Feb 1.56% 1.6% 1.44% 1.4%
2021-04-06 12:00 AM Mar 1.51% 1.56% 1.42% 1.4%
2021-05-06 12:00 AM Apr 1.95% 1.51% 1.7% 1.7%
2021-06-05 05:00 PM May 3.3% 1.95% 2.3%
2021-07-03 05:00 PM Jun 3.3% 4.6%
2021-08-06 12:00 AM Jul 5.6%
2021-09-04 05:00 PM Aug
2021-10-06 12:00 AM Sep


News Stream
Colombia May Inflation Rate at Over 1-Year High
The annual inflation rate in Colombia jumped to 3.3% in May of 2021, the highest in a year, from 1.95% in April, due to a jump in food prices (9.5% vs 4% in April) amid disruptions in supply chains in the face of anti-government protests and roadblocks. Additional upward pressure came from prices of restaurants & hotels (4.8% vs 4%); transport (4.3% vs 3.5%); health (4.1% vs 4.3%); alcoholic beverages & tobacco (2.8%, the same pace as in April); housing & utilities (2.6% vs 2.1%) and miscellaneous goods & services (2.6% vs 2.3%). On a monthly basis, consumer prices inched up 1%, the most since February of 2017, attributed to road blockades linked to weeks of anti-government protests in Colombia. The biggest increase was registered in the prices of food and non-alcoholic beverages (5.37%).
2021-06-07
Colombia Inflation Rate Tops Estimates
The annual inflation rate in Colombia rose to 1.95% in April of 2021 from 1.51% in the previous month and compared with market expectations of 1.7%. This was the highest reading since September 2020, boosted by a faster rise in prices of food & non-alcoholic beverages (3.98% vs 3.92% in March), alcoholic beverages & tobacco (2.83% vs 2.44%), housing & utilities (2.13% vs 1.84%), transport (3.52% vs 2.21%), restaurants & hotels (3.83% vs 3.61%), and miscellaneous goods & services (2.27% vs 2.14%). In addition, cost of information & communication rebounded (0.37% vs -1.5%). At the same time, prices fell less for clothing & footwear (-2.68% vs -2.71%), furniture & household maintenance (-0.31% vs -0.61%), recreation & culture (-0.16% vs -0.2%), and education (-7.12 vs -7.91%). In contrast, cost of health slowed (4.28% vs 4.38%). On a monthly basis, consumer prices went up 0.59% in April, the fifth straight month of gains, after a 0.51% rise in March.
2021-05-06
Colombia Inflation Rate Slows to 1.51% in March
The annual inflation rate in Colombia eased to 1.51% in March of 2021 from 1.56% in the previous month and compared with market expectations of 1.42%. Prices slowed for food & non-alcoholic beverages (3.92% vs 5.02% in February) and health (4.38% vs 4.56%). On the other hand, prices advanced faster for housing & utilities (1.84% vs 1.70%) and transport (2.21% vs 1.70%). On a monthly basis, consumer prices inched up 0.51%, following a 0.64% gain in the prior month and exceeding market exceptions of a 0.42% increase.
2021-04-06
Colombia February Inflation Rate Slows Less than Expected
The annual inflation rate in Colombia eased to 1.56% in February of 201 from 1.60% in January, but above market expectations of 1.44%. Prices slowed slightly for food & non-alcoholic beverages (5.02% vs 5.51% in January); housing & utilities (1.70% vs 1.90%); health (4.56% vs 4.62%); alcoholic beverages & tobacco (2.20% vs 2.39%). Meantime, costs decreased mostly for education (-8.10% vs -7.02%) and clothing & footwear (-3.10% vs -4.54%). On a monthly basis, consumer prices inched up 0.64%, the biggest increase in a year and exceeding market expectations of a 0.51% rise. Main upward pressure came from prices of food & non-alcoholic beverages (3.56%) and clothing & footwear (1.82%).
2021-03-07

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.