Inflation Colombia 1997
Average inflation: 18.5%
Current Inflation
Inflation is very high at 18.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 20.6%. The lowest inflation was in December at 17.7%.
- Highest month
- January: 20.6%
- Lowest month
- December: 17.7%
- Difference
- 2.9 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 15.7%. The lowest price increase was in Food and non-alcoholic beverages with an average of 15.7%.
- Highest increase
- Food and non-alcoholic beverages: 15.7%
- Lowest increase
- Food and non-alcoholic beverages: 15.7%
Historical Context
Current inflation is 2.6% lower than the 5-year average of 21.1%.
- 5-year average
- 21.1%
- 10-year average
- 24.6%
- All-time high (1991)
- 30.5%
- All-time low (1984)
- 16.2%
Trend
Inflation shows a downward trend. Compared to 1996, inflation has fallen by +2.3 percentage point.
- Change vs. previous year
- -2.3 percentage points
- Largest monthly swing
- November: -4.1 percentage points
ECB Target
Inflation is 16.5% 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 €118.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1997
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1996 |
|---|---|---|
| January | 20.6% | +0.4 |
| February | 19.6% | -1.2 |
| March | 18.9% | -1.3 |
| April | 18.5% | -1.4 |
| May | 18.6% | -1.2 |
| June | 18.7% | -1.0 |
| July | 17.9% | -2.7 |
| August | 17.9% | -3.2 |
| September | 18.0% | -3.6 |
| October | 17.8% | -4.0 |
| November | 17.8% | -4.1 |
| December | 17.7% | -3.9 |
| Average | 18.5% |
Data source
Data from OECD. Last updated: 17/12/2025.