Colombia: Inflation rises again in September
October 5, 2021
Consumer prices rose 0.38% in September over the previous month, moderating from August’s 0.45% increase. September’s result largely reflected softer price pressures for food and non-alcoholic beverages, as well as for restaurants and hotels.
Meanwhile, inflation came in at 4.5% in September, up from August’s 4.4%, moving further north from the Central Bank’s upper bound of the 2.0%–4.0% target range. Thus, the trend pointed up, with annual average inflation rising to 2.6% in September (August: 2.4%). Lastly, core inflation rose to 3.9% in August, the latest month for which data is available, from July’s 3.6%.