Inflation Colombia 1974
Average inflation: 23.9%
Inflation in 1974
Inflation is very high at 23.9%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 26.1%. The lowest inflation was in July at 18.5%.
- Highest month
- January: 26.1%
- Lowest month
- July: 18.5%
- Difference
- 7.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 6.2 percentage points higher than the 5-year average of 17.7%. This approaches the highest level since records began (23.9% in 1974).
- 5-year average
- 17.7%
- 10-year average
- 17.7%
- All-time high (1974)
- 23.9%
- All-time low (1971)
- 12%
Trend
Over the period 1972-1974, inflation shows an upward trend. Compared to 1973, inflation has risen by 1.5 percentage points.
- Change vs. previous year
- +1.5 percentage points
- Largest monthly swing
- January: +11.1 percentage points
ECB Target
Inflation is 21.9 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for COP 100 this year will cost approximately COP 124 next year at this inflation rate.
Multi-year trend
Monthly figures 1974
Month overview
| Month | Inflation | Difference vs. 1973 |
|---|---|---|
| January | 26.1% | +11.1 |
| February | 26.1% | +11.1 |
| March | 25.0% | +5.0 |
| April | 24.0% | +5.0 |
| May | 23.1% | -0.7 |
| June | 23.1% | -0.7 |
| July | 18.5% | -10.1 |
| August | 23.1% | -0.7 |
| September | 22.2% | -0.5 |
| October | 25.9% | +3.2 |
| November | 25.0% | -2.3 |
| December | 25.0% | -2.3 |
| Average | 23.9% |
Data source
Data from OECD. Last updated: 24/11/2025.