Colombia: Inflation falls to lowest level since June 2019
May 5, 2020
Consumer prices increased a seasonally-adjusted 0.16% over the previous month in April, moderating from the 0.57% rise logged in March. April's result marked the softest rise in prices since November 2019 and largely reflected lower prices for information and communication, as well as for transport, compared to the previous month.
Inflation came in at 3.5% in April, down from March’s 3.9%. April's reading marked the lowest inflation rate since June 2019. Annual average inflation was unchanged at March's 3.7% in April. Lastly, core inflation fell to 3.0% from March’s 3.3%.
Author: Hanna Andersson, Economist