Colombia: Inflation ticks down in January
February 5, 2020
Consumer prices rose 0.42% over the previous month in January, accelerating from December’s 0.26% increase. January’s reading largely reflected higher prices for food and non-alcoholic beverages, as well as for transport.
Inflation ticked down to 3.6% in January from December’s 3.8%. Thus, it edged closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage points. Meanwhile, annual average inflation came in at 3.6% in January, up from December’s 3.5%.
Author: Hanna Andersson, Economist