Colombia: Inflation climbs in October
November 9, 2015
In October, consumer prices rose 0.68% over the previous month, which came in slightly below the 0.72% price increase registered in September. The reading overshot market analysts’ expectations of a 0.40% rise. October’s moderation mainly reflected a softer increase in food prices.
Inflation increased from September’s 5.4% to 5.9% in October, thus reaching its highest level since March 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.
The core consumer prices index, which excludes volatile items such as fresh food and fuels, rose in October by 0.36% month-on-month (September: +0.55% month-on-month). Finally, core inflation inched up from September’s 4.7% to 4.9% in October.
Author: Eric Denis , Economist