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 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 for 2019 was 3.52%, a 0.28% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 171.21%
Turkey 72.31%
Suriname 52.45%
Iran 43.49%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Belize 6.28%
Guyana 6.12%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Libya 4.51%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Grenada 2.56%
Maldives 2.33%
China 1.97%
Nauru 0.00%
Turkmenistan 0.00%
Dominica 0.00%
Bosnia 0.00%
Cuba 0.00%
Venezuela 0.00%
Kazakhstan 0.00%
Russia 0.00%
Tuvalu 0.00%
American Samoa 0.00%
Marshall Islands 0.00%
Colombia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%