Inflation Colombia 2021
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 5.6%. The lowest inflation was in March at 1.5%.
- Highest month
- December: 5.6%
- Lowest month
- March: 1.5%
- Difference
- 4.1 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 9.7%. The lowest price increase was in Education with an average of -4.5%.
- Highest increase
- Food and non-alcoholic beverages: 9.7%
- Lowest increase
- Education: -4.5%
Historical Context
Current inflation is around the 5-year average of 3.4%.
- 5-year average
- 3.4%
- 10-year average
- 3.8%
- All-time high (2016)
- 7.5%
- All-time low (2013)
- 2%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+1.0 percentage point).
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- December: +4.0 percentage points
ECB Target
Inflation is 1.5% 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 €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 1.6% | -2.0 |
| February | 1.6% | -2.1 |
| March | 1.5% | -2.4 |
| April | 1.9% | -1.6 |
| May | 3.3% | +0.4 |
| June | 3.6% | +1.4 |
| July | 4.0% | +2.0 |
| August | 4.4% | +2.5 |
| September | 4.5% | +2.5 |
| October | 4.6% | +2.9 |
| November | 5.3% | +3.8 |
| December | 5.6% | +4.0 |
| Average | 3.5% |
Data source
Data from OECD. Last updated: 11/01/2026.