Colombia: Inflation remains stable in November, remaining with the Central Bank's target band
December 5, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.12% over the previous month in November, matching October’s reading. Seven out of the nine sub-components recorded higher prices, while the remaining two saw a decline in prices. Prices for entertainment increased the most, while prices for healthcare registered the biggest fall.
Inflation remained at 3.3% in November, also matching October’s print. Thus, it stayed within the Central Bank’s target band of 3.0% plus or minus 1.0 percentage points.
In October—the latest month for which data is available—core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.1% over the previous month, matching September’s print. Meanwhile, core inflation remained at 3.6% in October.
Author: Nihad Ahmed, Economist