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.