Colombia: Inflation climbs in November
December 7, 2015
In November, consumer prices rose 0.60% over the previous month, which came in slightly below the 0.68% price increase registered in October and marked a three-month low. November’s moderation mainly reflected a decrease in prices of transport, which more than offset an increase in food prices.
Inflation increased from October’s 5.9% to 6.4% in November, thus reaching its highest level since February 2009. As a result, inflation moved further above the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 3.0% target.
Author: Eric Denis , Economist