Inflation Colombia 1996
Average inflation: 20.8%
Current Inflation
Inflation is very high at 20.8%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 21.9%. The lowest inflation was in June at 19.7%.
- Highest month
- November: 21.9%
- Lowest month
- June: 19.7%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 15.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 15.9%.
- Highest increase
- Food and non-alcoholic beverages: 15.9%
- Lowest increase
- Food and non-alcoholic beverages: 15.9%
Historical Context
Current inflation is 2.0% lower than the 5-year average of 22.8%.
- 5-year average
- 22.8%
- 10-year average
- 25.1%
- All-time high (1977)
- 33.8%
- All-time low (1984)
- 16.2%
Trend
Inflation shows a downward trend. Compared to 1995, inflation has fallen by +0.1 percentage point.
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- December: +2.1 percentage points
ECB Target
Inflation is 18.8% 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 €120.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1996
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1995 |
|---|---|---|
| January | 20.2% | -0.8 |
| February | 20.8% | -0.1 |
| March | 20.2% | -1.1 |
| April | 19.9% | -1.3 |
| May | 19.8% | -1.5 |
| June | 19.7% | -2.0 |
| July | 20.6% | -0.9 |
| August | 21.1% | 0.0 |
| September | 21.6% | +0.8 |
| October | 21.8% | +1.3 |
| November | 21.9% | +1.8 |
| December | 21.6% | +2.1 |
| Average | 20.8% |
Data source
Data from OECD. Last updated: 17/12/2025.