Inflation Colombia 2017
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.5%. The lowest inflation was in July at 3.4%.
- Highest month
- January: 5.5%
- Lowest month
- July: 3.4%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 11.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 0.7%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 11.4%
- Lowest increase
- Food and non-alcoholic beverages: 0.7%
Historical Context
Current inflation is around the 5-year average of 4.3%.
- 5-year average
- 4.3%
- 10-year average
- 4.2%
- All-time high (1998)
- 18.7%
- All-time low (2013)
- 2%
Trend
Inflation has remained relatively stable. Compared to 2016, the difference is minimal (-3.2 percentage point).
- Change vs. previous year
- -3.2 percentage points
- Largest monthly swing
- July: -5.6 percentage points
ECB Target
Inflation is 2.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 5.5% | -2.0 |
| February | 5.2% | -2.4 |
| March | 4.7% | -3.3 |
| April | 4.7% | -3.2 |
| May | 4.4% | -3.8 |
| June | 4.0% | -4.6 |
| July | 3.4% | -5.6 |
| August | 3.9% | -4.2 |
| September | 4.0% | -3.3 |
| October | 4.0% | -2.5 |
| November | 4.1% | -1.9 |
| December | 4.1% | -1.6 |
| Average | 4.3% |
Data source
Data from OECD. Last updated: 11/01/2026.