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.