Colombia: Inflation remains steady in the last month of 2017
January 5, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices increased 0.38% over the previous month in December, up from the 0.18% month-on-month rise in November. Higher prices for entertainment again led the upturn. All categories recorded price increases, except for the cost of education, which remained steady from the previous month.
Inflation in December matched November’s 4.1% reading, remaining slightly above the Central Bank’s target of 3.0% plus or minus 1%.
In November—the latest month for which data is available—core consumer prices, which exclude volatile items including fresh foods and fuels, registered a 0.3% month-on-month rise, up from 0.08% in October. Core inflation, on the other hand, remained at 4.7%.
Author: Nihad Ahmed, Economist