Inflation Colombia 2016
Average inflation: 7.5%
Current Inflation
Inflation is very high at 7.5%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 9.0%. The lowest inflation was in December at 5.7%.
- Highest month
- July: 9.0%
- Lowest month
- December: 5.7%
- Difference
- 3.3 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 13.2%. The lowest price increase was in Clothing and footwear with an average of 4.1%.
- Highest increase
- Food and non-alcoholic beverages: 13.2%
- Lowest increase
- Clothing and footwear: 4.1%
Historical Context
Current inflation is 3.4% higher than the 5-year average of 4.1%.
- 5-year average
- 4.1%
- 10-year average
- 4.3%
- All-time high (1998)
- 18.7%
- All-time low (2013)
- 2%
Trend
Inflation shows an upward trend. Compared to 2015, inflation has risen by +2.5 percentage point.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- July: +4.5 percentage points
ECB Target
Inflation is 5.5% 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 €107.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 7.5% | +3.7 |
| February | 7.6% | +3.2 |
| March | 8.0% | +3.4 |
| April | 7.9% | +3.3 |
| May | 8.2% | +3.8 |
| June | 8.6% | +4.2 |
| July | 9.0% | +4.5 |
| August | 8.1% | +3.4 |
| September | 7.3% | +1.9 |
| October | 6.5% | +0.6 |
| November | 6.0% | -0.4 |
| December | 5.7% | -1.1 |
| Average | 7.5% |
Data source
Data from OECD. Last updated: 11/01/2026.