In 2024, the average inflation rate in Colombia stood at approximately 6.60 percent. Between 1980 and 2024, the figure dropped by around 19.33 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 3.58 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

Inflation Rate in Colombia decreased to 4.82 percent in June from 5.05 percent in May of 2025. This dataset provides - Colombia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Colombia increased 5.12 percent in June of 2025 over the same month in the previous year. This dataset provides - Colombia Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The annual average consumer price index in Colombia amounted to approximately 142.83 points in 2024. Following a continuous upward trend, the index has risen by around 142.01 points since 1980. Between 2024 and 2030, the index will rise by around 30.71 points, continuing its consistent upward trajectory.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The benchmark interest rate in Colombia was last recorded at 9.25 percent. This dataset provides the latest reported value for - Colombia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about House Prices Growth

• Colombia house prices grew 9.1% YoY in Dec 2024, following an increase of 10.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1998 to Dec 2024, with an average growth rate of 8.3%.
• House price data reached an all-time high of 19.2% in Sep 2007 and a record low of -4.0% in Sep 2000.

Consumer Price Index CPI in Colombia increased to 150.30 points in June from 150.14 points in May of 2025. This dataset provides the latest reported value for - Colombia Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Producer Prices in Colombia increased 2.09 percent in June of 2025 over the same month in the previous year. This dataset provides - Colombia Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset is about countries per year in Colombia. It has 64 rows. It features 4 columns: country, inflation, and urban population living in areas where elevation is below 5 meters .

The minimum wage per month guaranteed by law in Colombia was forecasted to increase by approximately 9.5 percent between 2024 and 2025, reaching 1.42 million Colombian pesos. In that same line, the inflation rate in the country reached 6.6 percent during 2024.

In the third quarter of 2022, house prices in Colombia decreased by more than **** percent from the same quarter in 2021 when accounting for inflation. This was the third quarter in a row with a house price decrease. The largest drop in house prices was seen in the first quarter of 2022 at almost ***** percent.

In 2023, no Latin American or Caribbean country registered deflation in their average consumer prices. Costa Rica had the lowest change compared to the previous year with 0.52 percent. In contrast, the average inflation rate in Venezuela amounted to about 337.46 percent.

Latin America among the highest inflation rates in the world In 2023, the average inflation rate of the region was around 14.41 percent. Which is significantly higher than the global average of 6.78 percent. Some of that is explained by countries such as Venezuela, Argentina, and Suriname ranking in the top then of countries with the highest inflation rate in the world.

Chronic inflation in Latin America Chronic inflation is often defined as persistent high inflation throughout a long time. Some of the common examples of this problem are Venezuela and Argentina, both countries had episodes of hyperinflation, with price increases considerably over 50 percent per month in both cases. The last few years, the global crisis and economic sanctions, attenuated the situation with Argentina reaching once again three-digit inflation and Venezuela exceeding 63,000 percent inflation in 2019.

The USD/COP exchange rate was unchanged at 4,072.5600 on July 23, 2025. Over the past month, the Colombian Peso has strengthened 0.07%, but it's down by 0.69% over the last 12 months. Colombian Peso - values, historical data, forecasts and news - updated on July of 2025.