Colombia Inflation

Colombia

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.

LatinFocus Consensus Forecast participants expect that inflation will close 2015 at 3.9%, which is unchanged from last month’s forecast. For 2016, the panel expects inflation to end the year at 3.1%.


Author:, Economist

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Colombia Inflation May 2015 0

Note: Year-on-year and month-on-month variation of cons. price index in %.
Source: Colombia National Statistical Institute (DANE).


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