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Colombia Inflation August 2023

Colombia: Inflation dips in August

Inflation came in at 11.4% in August, which was down from July’s 11.8%. July’s result represented the lowest inflation in a year. The slowdown was due to a lower rise in prices for food and housing. However, the reading exceeded market expectations.

The trend pointed up slightly, with annual average inflation coming in at 12.5% in August (July: 12.4%).

Finally, consumer prices rose 0.70% from the previous month in August, picking up from the 0.50% rise logged in July.

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