Colombia Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Colombia inflation rate for 2023 was 11.74%, a 1.56% increase from 2022.
- Colombia inflation rate for 2022 was 10.18%, a 6.68% increase from 2021.
- Colombia inflation rate for 2021 was 3.50%, a 0.97% increase from 2020.
- Colombia inflation rate for 2020 was 2.53%, a 1% decline from 2019.
| Colombia Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
11.74% |
1.56% |
| 2022 |
10.18% |
6.68% |
| 2021 |
3.50% |
0.97% |
| 2020 |
2.53% |
-1.00% |
| 2019 |
3.52% |
0.28% |
| 2018 |
3.24% |
-1.07% |
| 2017 |
4.31% |
-3.20% |
| 2016 |
7.51% |
2.52% |
| 2015 |
4.99% |
2.09% |
| 2014 |
2.90% |
0.88% |
| 2013 |
2.02% |
-1.15% |
| 2012 |
3.17% |
-0.25% |
| 2011 |
3.42% |
1.14% |
| 2010 |
2.27% |
-1.93% |
| 2009 |
4.20% |
-2.79% |
| 2008 |
7.00% |
1.45% |
| 2007 |
5.54% |
1.25% |
| 2006 |
4.29% |
-0.76% |
| 2005 |
5.05% |
-0.85% |
| 2004 |
5.90% |
-1.23% |
| 2003 |
7.13% |
0.78% |
| 2002 |
6.35% |
-1.61% |
| 2001 |
7.97% |
-1.26% |
| 2000 |
9.23% |
-1.65% |
| 1999 |
10.87% |
-7.80% |
| 1998 |
18.68% |
0.21% |
| 1997 |
18.47% |
-2.33% |
| 1996 |
20.80% |
-0.09% |
| 1995 |
20.89% |
-1.95% |
| 1994 |
22.85% |
0.40% |
| 1993 |
22.44% |
-4.57% |
| 1992 |
27.01% |
-3.38% |
| 1991 |
30.39% |
1.24% |
| 1990 |
29.15% |
3.28% |
| 1989 |
25.87% |
-2.24% |
| 1988 |
28.11% |
4.81% |
| 1987 |
23.30% |
4.46% |
| 1986 |
18.84% |
-5.25% |
| 1985 |
24.09% |
7.93% |
| 1984 |
16.16% |
-3.44% |
| 1983 |
19.60% |
-5.12% |
| 1982 |
24.72% |
-2.73% |
| 1981 |
27.45% |
0.90% |
| 1980 |
26.55% |
2.42% |
| 1979 |
24.13% |
6.37% |
| 1978 |
17.76% |
-16.04% |
| 1977 |
33.80% |
13.97% |
| 1976 |
19.83% |
-3.61% |
| 1975 |
23.44% |
-0.43% |
| 1974 |
23.87% |
1.34% |
| 1973 |
22.53% |
10.09% |
| 1972 |
12.44% |
0.50% |
| 1971 |
11.94% |
5.03% |
| 1970 |
6.91% |
-0.07% |
| 1969 |
6.98% |
-0.47% |
| 1968 |
7.45% |
-0.88% |
| 1967 |
8.33% |
-8.40% |
| 1966 |
16.73% |
9.14% |
| 1965 |
7.59% |
-9.48% |
| 1964 |
17.07% |
-9.28% |
| 1963 |
26.36% |
21.66% |
| 1962 |
4.70% |
-3.59% |
| 1961 |
8.28% |
2.47% |
| 1960 |
5.81% |
2.47% |
