The annual inflation rate in Colombia inched down to 3.75 percent in August 2019 from 3.79 percent in the prior month and below market expectations of 3.83 percent. It was the first decline in six months, as inflation for food and beverages declined to 4.98 percent from 5.17 percent in the previous month, falling for the second straight month. Meantime, prices for information and communications edged down to 1.82 percent from 1.83 percent in July. On a monthly basis, consumer prices edged up 0.09 percent, after increasing 0.22 percent in the previous month, also below expectations of 0.15 percent. Year-to-date, inflation stands at 3.03 percent, compared to 2.46 percent in 2018. Inflation Rate in Colombia averaged 14.13 percent from 1955 until 2019, 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.
Inflation Rate in Colombia is expected to be 3.70 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 3.30 in 12 months time. In the long-term, the Colombia Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.