Colombia: Inflation increases in September
October 6, 2015
In September, consumer prices rose 0.72% over the previous month, which came in above the 0.48% price increase registered in August. The reading overshot market analysts’ expectations of a 0.38% rise and marked a seven-month high. September’s reading mainly reflected higher prices for food and transport.
Inflation increased from August’s 4.7% to 5.4% in September, thus reaching its highest level since April 2009. As a result, inflation moved further above the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 3.0% target.
The core consumer prices index, which excludes volatile items such as fresh food and fuels, rose in September by 0.55% month-on-month (August: 0.30% month-on-month). Finally, core inflation inched up from August’s 4.3% to 4.7% in September.
Author: Eric Denis , Economist