The annual inflation rate in Colombia inched down to 3.75 percent in August 2019 from 3.79 percent in the prior month and below market expectations of 3.83 percent. It was the first decline in six months, as inflation for food and beverages declined to 4.98 percent from 5.17 percent in the previous month, falling for the second straight month. Meantime, prices for information and communications edged down to 1.82 percent from 1.83 percent in July. On a monthly basis, consumer prices edged up 0.09 percent, after increasing 0.22 percent in the previous month, also below expectations of 0.15 percent. Year-to-date, inflation stands at 3.03 percent, compared to 2.46 percent in 2018. Inflation Rate in Colombia averaged 14.13 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 3.70 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 3.30 in 12 months time. In the long-term, the Colombia Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

Colombia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-06 12:00 AM Inflation Rate YoY May 3.31% 3.25% 3.29% 3.3%
2019-07-06 12:00 AM Inflation Rate YoY Jun 3.43% 3.31% 3.38% 3.4%
2019-08-06 12:00 AM Inflation Rate YoY Jul 3.79% 3.43% 3.71% 3.7%
2019-09-06 12:00 AM Inflation Rate YoY Aug 3.75% 3.79% 3.83% 3.9%
2019-10-05 05:00 PM Inflation Rate YoY Sep 3.75% 3.7%
2019-11-06 12:00 AM Inflation Rate YoY Oct 3.6%
2019-12-06 12:00 AM Inflation Rate YoY Nov 3.5%


Colombia Prices Last Previous Highest Lowest Unit
Inflation Rate 3.75 3.79 41.65 -0.87 percent [+]
Inflation Rate Mom 0.09 0.22 7.10 -1.49 percent [+]
Consumer Price Index CPI 103.03 102.94 103.03 0.03 Index Points [+]
Core Consumer Prices 102.57 102.43 102.57 36.13 Index Points [+]
Core Inflation Rate 3.42 3.33 9.83 2.66 percent [+]
Producer Prices 118.91 118.68 120.67 60.18 Index Points [+]
Food Inflation 6.42 6.58 35.59 -0.54 percent [+]
Producer Prices Change 4.99 4.61 15.64 -4.09 percent [+]
CPI Housing Utilities 102.53 102.36 102.53 0.07 Index Points [+]
CPI Transportation 102.63 102.52 102.63 44.63 Index Points [+]
Export Prices 113.00 112.46 120.06 0.18 Index Points [+]
Import Prices 122.51 119.83 122.51 0.32 Index Points [+]


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. This page provides - Colombia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.75 3.79 41.65 -0.87 1955 - 2019 percent Monthly
2018=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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