Inflation Colombia 1984
Average inflation: 16.2%
Current Inflation
Inflation is very high at 16.2%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 18.2%. The lowest inflation was in May at 14.3%.
- Highest month
- December: 18.2%
- Lowest month
- May: 14.3%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 6.7% lower than the 5-year average of 22.9%.
- 5-year average
- 22.9%
- 10-year average
- 23.4%
- All-time high (1977)
- 33.8%
- All-time low (1971)
- 12%
Trend
Inflation shows a downward trend. Compared to 1983, inflation has fallen by +3.5 percentage point.
- Change vs. previous year
- -3.5 percentage points
- Largest monthly swing
- May: -7.6 percentage points
ECB Target
Inflation is 14.2% 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 €116.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1984
Month overview
| Month | Inflation | Difference vs. 1983 |
|---|---|---|
| January | 17.2% | -5.7 |
| February | 16.9% | -4.9 |
| March | 17.1% | -4.2 |
| April | 15.6% | -6.9 |
| May | 14.3% | -7.6 |
| June | 15.1% | -5.2 |
| July | 15.4% | -4.7 |
| August | 15.9% | -2.3 |
| September | 16.7% | -0.2 |
| October | 15.5% | -1.7 |
| November | 16.2% | -0.7 |
| December | 18.2% | +1.4 |
| Average | 16.2% |
Data source
Data from OECD. Last updated: 24/11/2025.