The annual inflation rate in Colombia increased to 3.21 percent in March 2019 from 3.01 percent in the prior month and above market expectations of 3.17 percent. Consumer prices went up in March after hitting in February the slowest inflation rate since September 2014. On a monthly basis, consumer prices went up 0.43 percent after a 0.57 percent increase in February and compared to market expectations of 0.33 percent. Inflation Rate in Colombia averaged 14.20 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 3.20 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 3.10 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.