Inflation Colombia 2003
Average inflation: 7.1%
Current Inflation
Inflation is very high at 7.1%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 7.8%. The lowest inflation was in November at 6.1%.
- Highest month
- April: 7.8%
- Lowest month
- November: 6.1%
- 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 8.1%. The lowest price increase was in Food and non-alcoholic beverages with an average of 8.1%.
- Highest increase
- Food and non-alcoholic beverages: 8.1%
- Lowest increase
- Food and non-alcoholic beverages: 8.1%
Historical Context
Current inflation is 1.2% lower than the 5-year average of 8.3%.
- 5-year average
- 8.3%
- 10-year average
- 14.3%
- All-time high (1991)
- 30.5%
- All-time low (2002)
- 6.4%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (+0.7 percentage point).
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- April: +2.1 percentage points
ECB Target
Inflation is 5.1% 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 €107.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 7.4% | 0.0 |
| February | 7.2% | +0.5 |
| March | 7.6% | +1.7 |
| April | 7.8% | +2.1 |
| May | 7.7% | +1.9 |
| June | 7.2% | +1.0 |
| July | 7.0% | +0.9 |
| August | 7.3% | +1.3 |
| September | 7.1% | +1.1 |
| October | 6.6% | +0.2 |
| November | 6.1% | -1.0 |
| December | 6.5% | -0.5 |
| Average | 7.1% |
Data source
Data from OECD. Last updated: 17/12/2025.