Colombia Consumer Price Index (CPI): Weights: Poor: FNB: Foods: Sugar, Jam, Honey, Choc & Candy (SJH) data was reported at 1.110 % in 2024. This stayed constant from the previous number of 1.110 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: FNB: Foods: Sugar, Jam, Honey, Choc & Candy (SJH) data is updated yearly, averaging 1.110 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 1.110 % in 2024 and a record low of 1.110 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: FNB: Foods: Sugar, Jam, Honey, Choc & Candy (SJH) data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I015: Consumer Price Index: by Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: Miscellaneous Goods and Services data was reported at 5.230 % in 2024. This stayed constant from the previous number of 5.230 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: Miscellaneous Goods and Services data is updated yearly, averaging 5.230 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 5.230 % in 2024 and a record low of 5.230 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: Miscellaneous Goods and Services data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I007: Consumer Price Index: by Good and Services Division: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: FHI: GSO: Non-Durable Home Goods (NDH) data was reported at 1.990 % in 2024. This stayed constant from the previous number of 1.990 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: FHI: GSO: Non-Durable Home Goods (NDH) data is updated yearly, averaging 1.990 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 1.990 % in 2024 and a record low of 1.990 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: FHI: GSO: Non-Durable Home Goods (NDH) data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I014: Consumer Price Index: by Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: Information and Communication data was reported at 2.660 % in 2024. This stayed constant from the previous number of 2.660 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: Information and Communication data is updated yearly, averaging 2.660 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 2.660 % in 2024 and a record low of 2.660 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: Information and Communication data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I007: Consumer Price Index: by Good and Services Division: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: FHI: HHA: Small Electrical Appliances (SEA) data was reported at 0.020 % in 2024. This stayed constant from the previous number of 0.020 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: FHI: HHA: Small Electrical Appliances (SEA) data is updated yearly, averaging 0.020 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.020 % in 2024 and a record low of 0.020 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: FHI: HHA: Small Electrical Appliances (SEA) data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I014: Consumer Price Index: by Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: FNB: Foods: Fruits: Blackberries data was reported at 0.090 % in 2024. This stayed constant from the previous number of 0.090 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: FNB: Foods: Fruits: Blackberries data is updated yearly, averaging 0.090 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.090 % in 2024 and a record low of 0.090 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: FNB: Foods: Fruits: Blackberries data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I016: Consumer Price Index: by Sub Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: ABT: ADS: DBV: Whiskey, Rum, Brandy, Vodka, Gin, Cognac, Tequila data was reported at 0.350 % in 2024. This stayed constant from the previous number of 0.350 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: ABT: ADS: DBV: Whiskey, Rum, Brandy, Vodka, Gin, Cognac, Tequila data is updated yearly, averaging 0.350 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.350 % in 2024 and a record low of 0.350 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: ABT: ADS: DBV: Whiskey, Rum, Brandy, Vodka, Gin, Cognac, Tequila data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I016: Consumer Price Index: by Sub Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Personal Care: Hairdressing Salon & Personal Care (HSP) data was reported at 0.730 % in 2024. This stayed constant from the previous number of 0.730 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Personal Care: Hairdressing Salon & Personal Care (HSP) data is updated yearly, averaging 0.730 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.730 % in 2024 and a record low of 0.730 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Personal Care: Hairdressing Salon & Personal Care (HSP) data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I015: Consumer Price Index: by Class of Good and Services: COICOP: Dec2018=100: Weights.

In 2020, the inflation rate in Brazil amounted to about 3.21 percent compared to the previous year, a slight increase from the previous year’s 3.73 percent, but a large improvement compared to 2015 with more than 9 percent.

Superlative Brazil

Brazil is not only one of the largest countries in the world, it is also one of the largest economies and a member of the so-called BRIC states, four up-and-coming emerging economies. Unfortunately, Brazil also struggles due to an on-going recession; In 2017, the majority of Brazilians described the state of the country’s economy as “bad”.

The state of Brazil’s economy

Brazil’s mixed economy suffered a severe political and economic crisis in 2014 that only ended in 2016. The country’s GDP slumped dramatically and inflation skyrocketed. As of today, Brazil has recovered, GDP is on the rise again, and inflation is below four percent – however, as a result of the recession that saw millions of job cuts, unemployment is at an all-time high.

Colombia Consumer Price Index (CPI): Weights: Poor: FHI: FAC: Furniture & Accessories data was reported at 0.300 % in 2024. This stayed constant from the previous number of 0.300 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: FHI: FAC: Furniture & Accessories data is updated yearly, averaging 0.300 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.300 % in 2024 and a record low of 0.300 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: FHI: FAC: Furniture & Accessories data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I014: Consumer Price Index: by Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: Education: Mider: Registration & Enroll: Postgraduate Courses data was reported at 0.010 % in 2024. This stayed constant from the previous number of 0.010 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: Education: Mider: Registration & Enroll: Postgraduate Courses data is updated yearly, averaging 0.010 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.010 % in 2024 and a record low of 0.010 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: Education: Mider: Registration & Enroll: Postgraduate Courses data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I016: Consumer Price Index: by Sub Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: HWE: HCR: Material for Conserv & Repair (MCR) data was reported at 0.040 % in 2024. This stayed constant from the previous number of 0.040 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: HWE: HCR: Material for Conserv & Repair (MCR) data is updated yearly, averaging 0.040 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.040 % in 2024 and a record low of 0.040 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: HWE: HCR: Material for Conserv & Repair (MCR) data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I015: Consumer Price Index: by Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: RCU: RCS: Cultural Svcs data was reported at 1.120 % in 2024. This stayed constant from the previous number of 1.120 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: RCU: RCS: Cultural Svcs data is updated yearly, averaging 1.120 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 1.120 % in 2024 and a record low of 1.120 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: RCU: RCS: Cultural Svcs data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I014: Consumer Price Index: by Class of Good and Services: COICOP: Dec2018=100: Weights.

Inflation in Argentina was 54 percent in 2019, before falling to 42 percent in 2020. Despite Argentina's fluctuating economic instability over the twentieth century, the largest factor in its current economic status is the legacy of poor fiscal discipline left by the economic depression from 1998 to 2002. Although data is not available from 2014 to 2016, Argentina's inflation rate has been among the highest in the world for the past five years.

What causes inflation?

Inflation is a rise in price levels for all goods. Major causes of inflation include an increase in money supply, low central bank interest rates, and expectation of inflation. In a country such as Argentina, the expectation can be one of the biggest obstacles. People expect inflation to be high and demand increasing wages, and firms continue raising prices because they expect the costs of inputs to increase. Banks follow suit, charging high interest rates on fixed deposits.

Effects of inflation

Inflation negatively affects savers. 100 Argentinian pesos in 2018 was worth just under 75 pesos in 2019, after adjusting for the 34 percent inflation rate. Similarly, frequently changing prices has its own inherent cost, called “menu cost” after the price of printing new menus. Inflation will also have a positive effect on national debt when that debt is denominated in Argentinian pesos, because the pesos will be cheaper when the loan matures. However, the majority of Argentina’s debts are in foreign currency, which means that inflation will make these debts larger in peso terms.

Colombia Consumer Price Index (CPI): Weights: Poor: HWE: HCR: MCR: Materials for Conservation & Repair of Housing data was reported at 0.040 % in 2024. This stayed constant from the previous number of 0.040 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: HWE: HCR: MCR: Materials for Conservation & Repair of Housing data is updated yearly, averaging 0.040 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.040 % in 2024 and a record low of 0.040 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: HWE: HCR: MCR: Materials for Conservation & Repair of Housing data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I016: Consumer Price Index: by Sub Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: RCU: NBP: Books: Textbooks: Guide Texts data was reported at 0.170 % in 2024. This stayed constant from the previous number of 0.170 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: RCU: NBP: Books: Textbooks: Guide Texts data is updated yearly, averaging 0.170 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.170 % in 2024 and a record low of 0.060 % in 2019. Colombia Consumer Price Index (CPI): Weights: Poor: RCU: NBP: Books: Textbooks: Guide Texts data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I016: Consumer Price Index: by Sub Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Insurance data was reported at 0.060 % in 2024. This stayed constant from the previous number of 0.060 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Insurance data is updated yearly, averaging 0.060 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.060 % in 2024 and a record low of 0.060 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Insurance data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I009: Consumer Price Index: by Goods and Services Group: COICOP: Dec2018=100: Weights.

Nigeria’s inflation has been higher than the average for African and Sub-Saharan countries for years now, and even exceeded 16 percent in 2017 – and a real, significant decrease is nowhere in sight. The bigger problem is its unsteadiness, however: An inflation rate that is bouncing all over the place, like this one, is usually a sign of a struggling economy, causing prices to fluctuate, and unemployment and poverty to increase. Nigeria’s economy - a so-called “mixed economy”, which means the market economy is at least in part regulated by the state – is not entirely in bad shape, though. More than half of its GDP is generated by the services sector, namely telecommunications and finances, and the country derives a significant share of its state revenues from oil.

Because it got high

To simplify: When the inflation rate rises, so do prices, and consequently banks raise their interest rates as well to cope and maintain their profit margin. Higher interest rates often cause unemployment to rise. In certain scenarios, rising prices can also mean more panicky spending and consumption among end users, causing debt and poverty. The extreme version of this is called hyperinflation: A rapid increase of prices that is out of control and leads to bankruptcies en masse, devaluation of money and subsequently a currency reform, among other things. But does that mean that low inflation is better? Maybe, but only to a certain degree; the ECB, for example, aspires to maintain an inflation rate of about two percent so as to keep the economy stable. As soon as we reach deflation territory, however, things are starting to look grim again. The best course is a stable inflation rate, to avoid uncertainty and rash actions.

Nigeria today

Nigeria is one of the countries with the largest populations worldwide and also the largest economy in Africa, with its economy growing rapidly after a slump in the aforementioned year 2017. It is slated to be one of the countries with the highest economic growth over the next few decades. Demographic key indicators, like infant mortality rate, fertility rate, and the median age of the population, all point towards a bright future. Additionally, the country seems to make big leaps forward in manufacturing and technological developments, and boasts huge natural resources, including natural gas. All in all, Nigeria and its inflation seem to be on the upswing – or on the path to stabilization, as it were.

Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Personal Care: EAP: Electric Appliances data was reported at 0.010 % in 2024. This stayed constant from the previous number of 0.010 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Personal Care: EAP: Electric Appliances data is updated yearly, averaging 0.010 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.090 % in 2019 and a record low of 0.010 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: Misc: Personal Care: EAP: Electric Appliances data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I016: Consumer Price Index: by Sub Class of Good and Services: COICOP: Dec2018=100: Weights.

Colombia Consumer Price Index (CPI): Weights: Poor: ICT: Telephone & Facsimile Equip (TFE) data was reported at 0.190 % in 2024. This stayed constant from the previous number of 0.190 % for 2023. Colombia Consumer Price Index (CPI): Weights: Poor: ICT: Telephone & Facsimile Equip (TFE) data is updated yearly, averaging 0.190 % from Dec 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 0.190 % in 2024 and a record low of 0.190 % in 2024. Colombia Consumer Price Index (CPI): Weights: Poor: ICT: Telephone & Facsimile Equip (TFE) data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I009: Consumer Price Index: by Goods and Services Group: COICOP: Dec2018=100: Weights.