Colombia: Inflation remains stable in June
July 13, 2015
In June, consumer prices rose 0.10% over the previous month, which came in below the 0.26% price increase registered in May. The reading slightly undershot market analysts’ expectations of a 0.13% rise and marked the lowest value in a year. June’s reading mainly reflected lower prices for food items.
Inflation remained stable in June at May’s 4.4%. As a result, inflation remained 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 0.37% month-on-month in June (May: +0.56% month-on-month). Core inflation inched up from May’s 4.1% to 4.2% in June and hit its highest value since September 2009.
Author: Eric Denis , Economist