Colombia: Inflation remains at multi-year high in April
May 5, 2015
In April, consumer prices rose 0.54% over the previous month, which came in slightly below the 0.59% price increase registered in March, but overshot market analysts’ expectations of a 0.35% rise. April’s reading mainly reflected higher prices for food items and healthcare.
Inflation remained stable at March’s 4.6% in April, which represented the highest inflation rate since May 2009. As a result, inflation held steady above 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 0.50% month-on-month in April (March: +0.32% month-on-month). Core inflation inched up from March’s 3.7% to 4.0% in April.
Author: Eric Denis , Economist