Colombia: Inflation rises in March
Consumer prices rose 0.57% over the previous month in March, decelerating from February’s 0.67% rise. March’s milder print largely reflected lower prices for recreation and culture as well as for transport.
Meanwhile, inflation rose to 3.9% in March from February’s 3.7%. Thus, it moved further away from the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation clocked in at 3.7% in March, up from February’s 3.6% reading.