Inflation Colombia 1999
Average inflation: 11.0%
Current Inflation
Inflation is very high at 11.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 17.2%. The lowest inflation was in July at 8.8%.
- Highest month
- January: 17.2%
- Lowest month
- July: 8.8%
- Difference
- 8.4 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 6.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of 6.5%.
- Highest increase
- Food and non-alcoholic beverages: 6.5%
- Lowest increase
- Food and non-alcoholic beverages: 6.5%
Historical Context
Current inflation is 7.0% lower than the 5-year average of 18.0%. This approaches the lowest level since records began (11.0% in 1999).
- 5-year average
- 18%
- 10-year average
- 22.2%
- All-time high (1991)
- 30.5%
- All-time low (1999)
- 11%
Trend
Inflation shows a downward trend. Compared to 1998, inflation has fallen by +7.7 percentage point.
- Change vs. previous year
- -7.7 percentage points
- Largest monthly swing
- June: -11.7 percentage points
ECB Target
Inflation is 9.0% 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 €111.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1999
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1998 |
|---|---|---|
| January | 17.2% | -0.6 |
| February | 15.4% | -2.6 |
| March | 13.5% | -5.8 |
| April | 11.2% | -9.5 |
| May | 10.0% | -10.7 |
| June | 9.0% | -11.7 |
| July | 8.8% | -11.5 |
| August | 9.3% | -9.6 |
| September | 9.3% | -8.5 |
| October | 9.3% | -7.8 |
| November | 9.6% | -6.8 |
| December | 9.2% | -7.5 |
| Average | 11.0% |
Data source
Data from OECD. Last updated: 17/12/2025.