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Financial News: COLOMBIA: Annual Inflation Rises To 4.05% In October

COLOMBIA: Annual Inflation Rises To 4.05% In October

11/06/2017 - 18:05:00 (RTTNews)

(RTTNews) - Colombia's Consumer Price Index rose 4.05% in October on an annual basis, after increasing by 3.97% a month before. It was the highest increase since May, when the index was up 4.37%, said the country's statistics office.

The reading came slightly above the 4% inflation target set by the central bank for this year, but below the 4.10% increase expected by analysts.

Housing, food, and transportation prices pushed the annual inflation rate higher in October.

Meanwhile, the monthly change in the consumer price index in October was an increase of 0.02%, decelerating from a 0.04% rise in September.

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