Colombia - Inflation, consumer prices (annual %) 1960 - 2022
Colombia's inflation, consumer prices (annual %) is currently 10.18%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Colombia's inflation, consumer prices (annual %) for 2022 was 10.177%, a 191.19% increase from 2021, with a +6 difference.
- In 2021 it was 3.495%, a 38.33% increase from 2020.
- In 2020 it was 2.527%, a -28.28% increase from 2019.
- In 2019 it was 3.523%, a 8.72% increase from 2018.
- In 2018 it was 3.241%, a -24.89% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Colombia is currently 13.9432% (average of years with recorded data) with a lowest recorded value of 2.017% in 2013 and a highest value of 33.8028% in 1977.
Colombia's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 5.814% | |
| 1961 | 8.283% | 42.47% |
| 1962 | 4.697% | -43.29% |
| 1963 | 26.355% | 461.10% |
| 1964 | 17.072% | -35.22% |
| 1965 | 7.591% | -55.54% |
| 1966 | 16.728% | 120.38% |
| 1967 | 8.328% | -50.21% |
| 1968 | 7.448% | -10.57% |
| 1969 | 6.982% | -6.26% |
| 1970 | 6.909% | -1.05% |
| 1971 | 11.94% | 72.83% |
| 1972 | 12.444% | 4.22% |
| 1973 | 22.53% | 81.04% |
| 1974 | 23.871% | 5.95% |
| 1975 | 23.438% | -1.82% |
| 1976 | 19.831% | -15.39% |
| 1977 | 33.803% | 70.45% |
| 1978 | 17.763% | -47.45% |
| 1979 | 24.134% | 35.87% |
| 1980 | 26.553% | 10.02% |
| 1981 | 27.454% | 3.39% |
| 1982 | 24.721% | -9.95% |
| 1983 | 19.597% | -20.73% |
| 1984 | 16.162% | -17.53% |
| 1985 | 24.09% | 49.06% |
| 1986 | 18.842% | -21.78% |
| 1987 | 23.302% | 23.67% |
| 1988 | 28.108% | 20.63% |
| 1989 | 25.868% | -7.97% |
| 1990 | 29.152% | 12.70% |
| 1991 | 30.388% | 4.24% |
| 1992 | 27.011% | -11.11% |
| 1993 | 22.442% | -16.91% |
| 1994 | 22.846% | 1.80% |
| 1995 | 20.892% | -8.55% |
| 1996 | 20.798% | -0.45% |
| 1997 | 18.47% | -11.19% |
| 1998 | 18.677% | 1.12% |
| 1999 | 10.874% | -41.78% |
| 2000 | 9.225% | -15.16% |
| 2001 | 7.966% | -13.66% |
| 2002 | 6.352% | -20.26% |
| 2003 | 7.13% | 12.25% |
| 2004 | 5.904% | -17.19% |
| 2005 | 5.051% | -14.45% |
| 2006 | 4.293% | -15.00% |
| 2007 | 5.544% | 29.14% |
| 2008 | 6.997% | 26.20% |
| 2009 | 4.203% | -39.94% |
| 2010 | 2.272% | -45.94% |
| 2011 | 3.415% | 50.31% |
| 2012 | 3.169% | -7.20% |
| 2013 | 2.017% | -36.36% |
| 2014 | 2.899% | 43.72% |
| 2015 | 4.99% | 72.13% |
| 2016 | 7.513% | 50.58% |
| 2017 | 4.314% | -42.58% |
| 2018 | 3.241% | -24.89% |
| 2019 | 3.523% | 8.72% |
| 2020 | 2.527% | -28.28% |
| 2021 | 3.495% | 38.33% |
| 2022 | 10.177% | 191.19% |
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Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Colombia comes in 7th with 10.177% inflation, consumer prices (annual %).
- Within the same region, Venezuela, RB comes in 1st with 254.949%, inflation, consumer prices (annual %).
- Suriname comes in 2nd with 52.446%.
- Haiti comes in 3rd with 33.984%.
- Chile comes in 4th with 11.644%.
- Nicaragua comes in 5th with 10.467%.
- Jamaica comes in 6th with 10.35%.
- Paraguay comes in 8th with 9.766%.
- Brazil comes in 9th with 9.28%.
- Uruguay comes in 10th with 9.104%.
- Honduras comes in 11th with 9.09%.
- Dominican Republic comes in 12th with 8.811%.
- Peru comes in 13th with 8.334%.
- Costa Rica comes in 14th with 8.275%.
- Mexico comes in 15th with 7.896%.
- Antigua and Barbuda comes in 16th with 7.531%.
- And El Salvador comes in 17th with 7.199%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Colombia comes in 19th with 10.177% inflation, consumer prices (annual %).
- Within the same income group, Azerbaijan comes in 9th with 13.852%, inflation, consumer prices (annual %).
- Montenegro comes in 10th with 13.04%.
- Palau comes in 11th with 12.353%.
- Serbia comes in 12th with 11.982%.
- Georgia comes in 13th with 11.898%.
- Botswana comes in 14th with 11.666%.
- Kosovo comes in 15th with 11.581%.
- Tonga comes in 16th with 10.971%.
- Mauritius comes in 17th with 10.774%.
- Jamaica comes in 18th with 10.35%.
- Paraguay comes in 20th with 9.766%.
- Brazil comes in 21st with 9.28%.
- Dominican Republic comes in 22nd with 8.811%.
- Armenia comes in 23rd with 8.641%.
- Peru comes in 24th with 8.334%.
- Costa Rica comes in 25th with 8.275%.
- Kazakhstan comes in 26th with 8.042%.
- Mexico comes in 27th with 7.896%.
- El Salvador comes in 28th with 7.199%.
- And South Africa comes in 29th with 7.04%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |