Inflation Colombia 1989
Average inflation: 25.9%
Inflation in 1989
Inflation is very high at 25.9%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 27.8%. The lowest inflation was in June at 23.5%.
- Highest month
- January: 27.8%
- Lowest month
- June: 23.5%
- Difference
- 4.3 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.8 percentage points higher than the 5-year average of 24.1%.
- 5-year average
- 24.1%
- 10-year average
- 23.5%
- All-time high (1977)
- 33.8%
- All-time low (1971)
- 12%
Trend
Over the period 1987-1989, inflation shows an upward trend. Compared to 1988, inflation has fallen by 2.2 percentage points.
- Change vs. previous year
- -2.2 percentage points
- Largest monthly swing
- June: -7.0 percentage points
ECB Target
Inflation is 23.9 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 126 next year at this inflation rate.
Multi-year trend
Monthly figures 1989
Month overview
| Month | Inflation | Difference vs. 1988 |
|---|---|---|
| January | 27.8% | +4.1 |
| February | 27.1% | +0.9 |
| March | 26.5% | +0.1 |
| April | 24.9% | -3.5 |
| May | 25.0% | -3.4 |
| June | 23.5% | -7.0 |
| July | 23.9% | -6.4 |
| August | 25.7% | -3.8 |
| September | 26.4% | -2.5 |
| October | 26.7% | -1.7 |
| November | 27.1% | -0.5 |
| December | 26.0% | -2.3 |
| Average | 25.9% |
Data source
Data from OECD. Last updated: 24/11/2025.