Colombia: Inflation moderates in May
June 5, 2015
In May, consumer prices rose 0.26% over the previous month, which came in below the 0.54% price increase registered in April and undershot market analysts’ expectations of a 0.34% rise. May’s reading mainly reflected higher prices for food items and healthcare.
Inflation moderated from April’s 4.6% to 4.4% in May, which represented the lowest inflation rate in three months. As a result, inflation fell closer to the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 3.0% target.
The core inflation index, which excludes volatile items such as fresh food and fuels, increased 0.56% month-on-month in May (April: +0.50% month-on-month). Core inflation inched up from April’s 4.0% to 4.1% in May.
Author: Eric Denis , Economist