Colombia: Inflation comes in at highest level since May 2000 in June
Consumer prices increased 0.51% from the previous month in June, moderating from the 0.84% rise logged in May. June’s result marked the weakest reading since November 2021. The cooling of price pressures was largely due to a more moderate rise in prices for housing and utilities and for food and non-alcoholic beverages.
Inflation came in at 9.7% in June, up from May’s 9.1%. June’s figure marked the highest inflation rate since May 2000. Meanwhile, the trend pointed up, with annual average inflation coming in at 6.7% in June (May: 6.2%). Lastly, core inflation rose to 8.4% in June, from the previous month’s 8.0%.