Inflation Colombia 1978
Average inflation: 18.1%
Current Inflation
Inflation is very high at 18.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 28.3%. The lowest inflation was in July at 13.4%.
- Highest month
- January: 28.3%
- Lowest month
- July: 13.4%
- Difference
- 14.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 5.7% lower than the 5-year average of 23.8%.
- 5-year average
- 23.8%
- 10-year average
- 20.8%
- All-time high (1977)
- 33.8%
- All-time low (1971)
- 12%
Trend
Inflation shows a downward trend. Compared to 1977, inflation has fallen by +15.7 percentage point.
- Change vs. previous year
- -15.7 percentage points
- Largest monthly swing
- July: -26.2 percentage points
ECB Target
Inflation is 16.1% 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 €100 this year will cost approximately €118.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1978
Month overview
| Month | Inflation | Difference vs. 1977 |
|---|---|---|
| January | 28.3% | +2.1 |
| February | 25.5% | -2.4 |
| March | 22.4% | -9.4 |
| April | 16.1% | -21.7 |
| May | 15.6% | -23.5 |
| June | 15.2% | -25.2 |
| July | 13.4% | -26.2 |
| August | 13.4% | -23.3 |
| September | 13.4% | -20.6 |
| October | 16.4% | -17.6 |
| November | 17.9% | -10.9 |
| December | 19.4% | -9.4 |
| Average | 18.1% |
Data source
Data from OECD. Last updated: 24/11/2025.