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.
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.