Colombia: Inflation holds steady in August
September 5, 2019
Consumer prices rose 0.09% over the previous month in August, following a 0.22% month-on-month upturn in July. August’s moderation mainly reflected lower prices for food and non-alcoholic beverages as well as for recreation and culture.
Inflation remained steady at July’s 3.8% in August. Thus, it remained within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation was unchanged at 3.3% in August.
Core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.1% over the previous month in July—the latest month for which data is available—down slightly from June’s 0.2% increase. Lastly, core inflation remained stable at 3.3% in July.
Author: Javier Colato, Economist