Colombia: Inflation declines slightly in June
July 5, 2014
In June, consumer prices rose 0.09% over the previous month, which was below the 0.48% inflation rate registered in May. June’s print came in below the 0.29% increase that market analysts had expected and mainly reflected that rising prices for housing more than compensated for falling prices for foodstuffs. Annual inflation edged down from 2.9% in May to 2.8% in June. Annual inflation remains well anchored within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its 3.0% target.
The core inflation index, which excludes volatile items such as fresh food and fuels, rose 0.21% month-on-month in June (May: +0.48% month-on-month). Annual core inflation inched down from May’s 3.1% to 3.0% in June.