Inflation Colombia 2022
Average inflation: 10.1%
Current Inflation
Inflation is very high at 10.1%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 13.1%. The lowest inflation was in January at 6.9%.
- Highest month
- December: 13.1%
- Lowest month
- January: 6.9%
- Difference
- 6.2 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 24.9%. The lowest price increase was in Communication with an average of -6.5%.
- Highest increase
- Food and non-alcoholic beverages: 24.9%
- Lowest increase
- Communication: -6.5%
Historical Context
Current inflation is 5.5% higher than the 5-year average of 4.6%. This approaches the highest level since records began (10.1% in 2022).
- 5-year average
- 4.6%
- 10-year average
- 4.5%
- All-time high (2022)
- 10.1%
- All-time low (2013)
- 2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +6.6 percentage point.
- Change vs. previous year
- +6.6 percentage points
- Largest monthly swing
- October: +7.6 percentage points
ECB Target
Inflation is 8.1% 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 €110.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 6.9% | +5.3 |
| February | 8.0% | +6.4 |
| March | 8.5% | +7.0 |
| April | 9.2% | +7.3 |
| May | 9.1% | +5.8 |
| June | 9.7% | +6.1 |
| July | 10.2% | +6.2 |
| August | 10.8% | +6.4 |
| September | 11.4% | +6.9 |
| October | 12.2% | +7.6 |
| November | 12.5% | +7.2 |
| December | 13.1% | +7.5 |
| Average | 10.1% |
Data source
Data from OECD. Last updated: 11/01/2026.