Colombia: Inflation remains at a two-and-a-half-year low in April
May 5, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.46% over the previous month in April following a 0.24% month-on-month rise in March. Five out of the nine sub-components recorded higher prices from the previous month, three came in flat, and one registered a fall in prices. Prices for housing increased the most, while prices for entertainment declined.
Inflation remained at March’s 3.1% in April—the lowest rate since September 2014. It thus remained within the Central Bank’s target band of 3.0% plus or minus 1.0%.
In April, core consumer prices—which exclude volatile items including fresh food and fruit—came in flat in April following a 0.3% rise over the previous month in March. Meanwhile, core inflation dropped to an over three-year low of 3.8% in April after coming in at 4.0% in March.
Author: Nihad Ahmed, Economist