Cost of food in Colombia increased 5.80 percent in December of 2019 over the same month in the previous year. Food Inflation in Colombia averaged 11.89 percent from 1988 until 2019, reaching an all time high of 35.59 percent in June of 1988 and a record low of -0.54 percent in January of 2010. source: Dane, Colombia
Food Inflation in Colombia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Colombia to stand at 3.50 in 12 months time. In the long-term, the Colombia Food Inflation is projected to trend around 2.50 percent in 2020, according to our econometric models.