The annual inflation rate in Colombia increased to 1.61 percent in December of 2020 from multi-years lows of 1.49 percent in the prior month and above market expectations of 1.44 percent. Prices advanced further for housing & utilities (1.81 percent vs 1.49 percent in November) and food & non-alcoholic beverages (4.80 percent vs 4.09 percent). On the other hand, transport cost slowed (1.35 percent vs 1.71 percent). On a monthly basis, prices rebounded 0.38 percent from a 0.15 percent fall in the prior month. source: Dane, Colombia
Inflation Rate in Colombia averaged 13.90 percent from 1955 until 2020, 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 February of 2021.
Inflation Rate in Colombia is expected to be 1.20 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 2.30 in 12 months time. In the long-term, the Colombia Inflation Rate is projected to trend around 2.70 percent in 2022 and 3.10 percent in 2023, according to our econometric models.