The annual inflation rate in Colombia eased for the eighth consecutive month to 1.49% in November of 2020, the lowest since November of 1955 and below market expectations of 1.7%. Prices slowed mostly for housing & utilities (1.49% vs 1.69% in October); transport (1.71% vs 1.84%); information & communication (0.48% vs 0.88%) and recreation & culture (1.40% vs 2.32%). In addition, costs fell for clothing & footwear (-6.62% vs -2.92%) and furnishings (-1.17% vs -0.75%) due to seasonal discounts; and education (-5.02% vs -4.03%) amid adjustments in costs of tuition and fees at public universities. On a monthly basis, consumer prices went down 0.15%, following a 0.06% drop in October and against market expectations of a 0.05% increase, mainly due to lower prices of clothing & footwear (-3.71% vs -0.13%). source: Dane, Colombia
Inflation Rate in Colombia averaged 13.92 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 December of 2020.
Inflation Rate in Colombia is expected to be 1.40 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 1.70 in 12 months time. In the long-term, the Colombia Inflation Rate is projected to trend around 1.90 percent in 2021 and 3.10 percent in 2022, according to our econometric models.