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Financial News: COLOMBIA: Annual Inflation Rises To To 3.16% In

COLOMBIA: Annual Inflation Rises To To 3.16% In May

06/06/2018 - 15:36:00 (RTTNews)

(RTTNews) - The consumer price index in Colombia rose 3.16% in May from a year before, gaining strength from the previous month, when the index increased 3.13%, according to the country's statistics office (Dane).

On a monthly comparison, the Colombian consumer price index increased 0.25% in May. In April, the index grew 0.46%. So far in 2018, the inflation rate in Colombia is up 2.31%.

The consumer price index excluding food prices increased 3.85% in May from a year before and rose 0.34% compared to April.

The annual inflation target in Colombia ranges from 2% to 4%. The next monetary policy meeting at the Colombian central bank is scheduled to June 29.

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