The annual inflation rate in Colombia dropped to 3.80 percent in December 2019 from 3.84 percent in the prior month. It was the lowest inflation rate since August, mainly due to prices of housing & utilities (3.46 percent vs 3.61 percent in November) and food & non-alcoholic beverages & tobacco (5.80 percent vs 6.43 percent). At the same time, inflation was steady for clothing & footwear (at 0.69 percent) and education (at 5.75 percent). Meanwhile, cost rose faster for transport (3.41 percent vs 3.30 percent); information & communication (2.73 percent vs 1.73 percent); recreation & culture (3.70 percent vs 2.82 percent); alcoholic beverages & tobacco (5.48 percent vs 4.96 percent); health (2.82 percent vs 2.76 percent) and furnishings (2.54 percent vs 2.49 percent). On a monthly basis,consumer prices were up 0.26 percent, after increasing 0.10 percent in the previous month.
Inflation Rate in Colombia averaged 14.08 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. This page provides - Colombia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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.