Inflation Colombia 1994
Average inflation: 22.9%
Current Inflation
Inflation is very high at 22.9%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 23.9%. The lowest inflation was in November at 22.1%.
- Highest month
- April: 23.9%
- Lowest month
- November: 22.1%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 3.5% lower than the 5-year average of 26.4%.
- 5-year average
- 26.4%
- 10-year average
- 25.2%
- All-time high (1977)
- 33.8%
- All-time low (1984)
- 16.2%
Trend
Inflation shows a downward trend. Compared to 1993, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- January: -2.3 percentage points
ECB Target
Inflation is 20.9% 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 €122.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 22.5% | -2.3 |
| February | 23.0% | -1.7 |
| March | 23.5% | -0.7 |
| April | 23.9% | +0.8 |
| May | 23.9% | +1.7 |
| June | 23.1% | +1.7 |
| July | 22.7% | +2.2 |
| August | 22.3% | +1.2 |
| September | 22.3% | +0.8 |
| October | 22.4% | +0.7 |
| November | 22.1% | -0.3 |
| December | 22.6% | 0.0 |
| Average | 22.9% |
Data source
Data from OECD. Last updated: 24/11/2025.