Colombia Inflation Rate

The inflation rate in Colombia was recorded at 2.51 percent in March of 2014. Inflation Rate in Colombia is reported by the Dane, Colombia. Inflation Rate in Colombia averaged 15.02 Percent from 1955 until 2014, 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. In Colombia, the three main components of the consumer price index are: Housing (30.1 percent of the total weight); Food (28.1 percent) and Transports (15.2 percent). Other Expenses account for 6.4 percent; Education for 5.7 percent and Clothing for 5.2 percent. Others include: Communications (3.7 percent); Leisure (3.1 percent) and Health Care (2.4 percent). The national index has a base of 100 as of 2008. The CPI covers the urban population of 24 capital city departments, including some metropolitan areas, which account for the largest population registered in the country and have the most dynamic economic environment in comparison to the remaining cities of the country. This page provides - Colombia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.51 2.32 41.65 -0.87 2.00 | 2014/04 1955 - 2014 Percent Monthly


Colombia Inflation Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-04 12:00 PM Colombia
Inflation Rate YoY
Dec 2013 1.94% 1.76% 1.72%
2014-02-06 12:00 AM Colombia
Inflation Rate YoY
Jan 2014 2.13% 1.9% 2.2% 2.14%
2014-03-06 12:00 AM Colombia
Inflation Rate YoY
Feb 2014 2.32% 2.13% 2.27% 2.25%
2014-04-07 12:00 AM Colombia
Inflation Rate YoY
Mar 2014 2.51% 2.32% 2.4% 2.16%
2014-05-05 12:00 PM Colombia
Inflation Rate YoY
Apr 2014 2.51% 2%
2014-06-05 12:00 PM Colombia
Inflation Rate YoY
May 2014 2.18%

Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 2.51 2014-03-31 2.32 41.65 -0.87 2.00 2014-04-30 Percent [+]
Consumer Price Index (CPI) 115.71 2014-03-15 115.26 115.71 0.04 116.10 2014-04-30 Index Points [+]
Core Inflation Rate 2.86 2014-03-15 2.79 9.83 2.66 2.67 2014-04-30 Percent [+]
Inflation Rate Mom 0.39 2014-03-15 0.63 7.10 -1.49 0.47 2014-04-30 Percent [+]
Producer Prices 119.00 2014-03-15 117.00 119.00 60.18 120.38 2014-04-30 Index Points [+]

Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


Colombia Leaves Rates on Hold  
At its March 21st, 2014 meeting, Central Bank of Colombia left the benchmark interest rate steady at 3.25 percent and decided to extend its dollar purchase program, and buy up to $1 billion through June.
Colombia Posts $0.7B Trade Deficit  
In the first month of 2014, Colombian trade balance turned into a USD 0.7 billion gap, down from a USD 0.34 billion surplus in the previous month. Compared with the same month last year, the trade gap narrowed 79 percent, as imports shrank at a faster pace than exports.
Colombia Leaves Monetary Policy Unchanged  
At its February 28th, 2014 meeting, Central Bank of Colombia decided to leave the benchmark interest rate unchanged at 3.25 percent, as widely expected, saying that interest rates remain at levels that stimulate aggregate spending.
Colombian Trade Balance Returns to Surplus  
In December of 2013, Colombia’s trade balance turned into a USD 340 million surplus, up from a revised USD 100 million deficit in the previous month. A year earlier, the country recorded a USD 410 million surplus.
Colombia Holds Interest Rate Steady  
Colombia's central bank maintained its benchmark interest rate at 3.25 percent as expected as inflation continues to converge toward the bank’s 3.0 percent target and the economy is poised to pick up pace in 2014.
Colombia Trade Deficit Narrows in November  
Colombia trade balance turned into a USD 100 million deficit in November of 2013, decreasing from a USD 510 million deficit in the previous month and a USD 320 million deficit a year earlier. Exports rose 2.5 percent yoy, after falling in the previous two months.
Colombia Leaves Key Policy Rate on Hold in December  
At its December 20th meeting, Central Bank of Colombia decided by a unanimous vote to leave the benchmark interest rate unchanged at 3.25 percent, as the economy is improving.
Colombia Posts Trade Deficit for the Second Straight Month  
In October of 2013, Colombian trade balance turned into a deficit of USD 0.5 billion, from USD -0.3 billion in the previous month and a surplus of USD 0.23 billion last year. While exports recorded the second highest annual drop this year, imports from the US surged 20.5 percent.
Colombia Monetary Policy Unchanged in November  
Colombia’s Central Bank decided on November 27th to leave the benchmark interest rate on hold at 3.25 percent for the eight straight time, as widely expected.
Colombia Posts Trade Deficit in September  
In September of 2013, Colombian trade balance turned into a 0.3 USD billion deficit, from a 0.23 billion USD surplus a year earlier, as non-monetary gold sales reported a large drop, while imports were up by 10 percent.


Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.

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