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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
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    • Cali
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    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
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  • Profiles
    • Organized crime
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Economy

Inflation

by Colombia Reports March 20, 2019

Colombia’s annual inflation rate was 3.2% in 2018 and has been relatively under control since the beginning of this century.

Coming from a 30% inflation rate in 1990, the government was able to significantly stabilize the increase in consumer prices.

Colombia’s inflation rate dropped below the region’s average in 2010. However, a steep drop in global oil prices in 2014 spurred the depreciation of the peso, which in turn caused an increase in consumer prices.


Colombia inflation

Source: World Bank

economyfact sheetsinflation

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