The annual inflation rate in Colombia eased to 9.07% in May 2022 from a near 22-year high of 9.23% in April, matching market estimates, amid a slight slowdown in prices of food & non-alcoholic beverages (21.60% vs 26.17% in April) and transport (7.61% vs 7.68%). Meanwhile, prices accelerated in several categories, in particular restaurants & hotels (14.73% vs 14.37%); furnishings (12.31% vs 11.76%); miscellaneous goods & services (8.05% vs 7.37%) and housing & utilities (5.36% vs 4.75%). On a monthly basis, consumer prices went up 0.84%, the smallest increase in five months, almost in line with market forecasts of a 0.83% rise. source: Dane, Colombia
Inflation Rate in Colombia averaged 13.71 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 June of 2022.
Inflation Rate in Colombia is expected to be 9.30 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.