Inflation Colombia 2008
Average inflation: 7.0%
Current Inflation
Inflation is very high at 7.0%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 7.9%. The lowest inflation was in April at 5.7%.
- Highest month
- August: 7.9%
- Lowest month
- April: 5.7%
- 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 12.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 12.4%.
- Highest increase
- Food and non-alcoholic beverages: 12.4%
- Lowest increase
- Food and non-alcoholic beverages: 12.4%
Historical Context
Current inflation is 1.5% higher than the 5-year average of 5.5%.
- 5-year average
- 5.5%
- 10-year average
- 6.9%
- All-time high (1991)
- 30.5%
- All-time low (2006)
- 4.3%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +1.5 percentage point.
- Change vs. previous year
- +1.5 percentage points
- Largest monthly swing
- August: +2.7 percentage points
ECB Target
Inflation is 5.0% 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 €107.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 6.0% | +1.3 |
| February | 6.4% | +1.1 |
| March | 5.9% | +0.1 |
| April | 5.7% | -0.5 |
| May | 6.4% | +0.2 |
| June | 7.2% | +1.2 |
| July | 7.5% | +1.7 |
| August | 7.9% | +2.7 |
| September | 7.6% | +2.6 |
| October | 7.9% | +2.7 |
| November | 7.7% | +2.3 |
| December | 7.7% | +2.0 |
| Average | 7.0% |
Data source
Data from OECD. Last updated: 17/12/2025.