Inflation Colombia 2020
Average inflation: 2.5%
Current Inflation
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in March at 3.9%. The lowest inflation was in November at 1.5%.
- Highest month
- March: 3.9%
- Lowest month
- November: 1.5%
- Difference
- 2.4 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 5.6%. The lowest price increase was in Clothing and footwear with an average of -1.5%.
- Highest increase
- Food and non-alcoholic beverages: 5.6%
- Lowest increase
- Clothing and footwear: -1.5%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 3.8%
- All-time high (2001)
- 8%
- All-time low (2013)
- 2%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-1.0 percentage point).
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- November: -2.3 percentage points
ECB Target
Inflation is 0.5% 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 €102.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 3.6% | +0.4 |
| February | 3.7% | +0.7 |
| March | 3.9% | +0.7 |
| April | 3.5% | +0.2 |
| May | 2.9% | -0.4 |
| June | 2.2% | -1.2 |
| July | 2.0% | -1.8 |
| August | 1.9% | -1.9 |
| September | 2.0% | -1.8 |
| October | 1.7% | -2.2 |
| November | 1.5% | -2.3 |
| December | 1.6% | -2.2 |
| Average | 2.5% |
Data source
Data from OECD. Last updated: 13/01/2026.