Inflation Colombia 1991
Average inflation: 30.5%
Inflation in 1991
Inflation is very high at 30.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 32.0%. The lowest inflation was in December at 26.8%.
- Highest month
- January: 32.0%
- Lowest month
- December: 26.8%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 3.1 percentage points higher than the 5-year average of 27.4%. This approaches the highest level since records began (33.8% in 1977).
- 5-year average
- 27.4%
- 10-year average
- 24%
- All-time high (1977)
- 33.8%
- All-time low (1972)
- 12.5%
Trend
Over the period 1989-1991, inflation shows an upward trend. Compared to 1990, inflation has risen by 1.4 percentage points.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- December: -5.6 percentage points
ECB Target
Inflation is 28.5 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 131 next year at this inflation rate.
Multi-year trend
Monthly figures 1991
Month overview
| Month | Inflation | Difference vs. 1990 |
|---|---|---|
| January | 32.0% | +5.3 |
| February | 31.7% | +4.6 |
| March | 31.1% | +3.4 |
| April | 31.2% | +3.2 |
| May | 31.5% | +3.2 |
| June | 31.1% | +2.1 |
| July | 31.7% | +3.1 |
| August | 31.2% | +2.2 |
| September | 30.1% | -0.2 |
| October | 29.2% | -1.5 |
| November | 28.3% | -2.7 |
| December | 26.8% | -5.6 |
| Average | 30.5% |
Data source
Data from OECD. Last updated: 24/11/2025.