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.