Inflation Colombia 2002
Average inflation: 6.4%
Current Inflation
Inflation is very high at 6.4%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 7.4%. The lowest inflation was in April at 5.7%.
- Highest month
- January: 7.4%
- Lowest month
- April: 5.7%
- Difference
- 1.7 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 9.8%. The lowest price increase was in Food and non-alcoholic beverages with an average of 9.8%.
- Highest increase
- Food and non-alcoholic beverages: 9.8%
- Lowest increase
- Food and non-alcoholic beverages: 9.8%
Historical Context
Current inflation is 4.3% lower than the 5-year average of 10.7%. This approaches the lowest level since records began (6.4% in 2002).
- 5-year average
- 10.7%
- 10-year average
- 15.9%
- All-time high (1991)
- 30.5%
- All-time low (2002)
- 6.4%
Trend
Inflation shows a downward trend. Compared to 2001, inflation has fallen by +1.6 percentage point.
- Change vs. previous year
- -1.6 percentage points
- Largest monthly swing
- April: -2.3 percentage points
ECB Target
Inflation is 4.4% 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 €106.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 7.4% | -1.1 |
| February | 6.7% | -1.4 |
| March | 5.9% | -1.9 |
| April | 5.7% | -2.3 |
| May | 5.8% | -2.1 |
| June | 6.2% | -1.7 |
| July | 6.1% | -2.0 |
| August | 6.0% | -2.0 |
| September | 6.0% | -2.0 |
| October | 6.4% | -1.6 |
| November | 7.1% | -0.7 |
| December | 7.0% | -0.6 |
| Average | 6.4% |
Data source
Data from OECD. Last updated: 17/12/2025.