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Financial News: COLOMBIA: Annual Inflation Slows To Lowest Level Since

COLOMBIA: Annual Inflation Slows To Lowest Level Since 2014 In March

04/07/2018 - 14:35:00 (RTTNews)

(RTTNews) - The consumer price index in Colombia rose 3.14% in March from a year before, losing strength from the previous month, when the index increased 1.34%, according to the country's statistics office (Dane).

It was the slowest annual inflation rate since September 2014, when the consumer price index rose 2.86%.

On a monthly comparison, the Colombian consumer price index increased 0.24% in March. In February, the index grew 0.71%. So far in 2018, the inflation rate in Colombia is up 1.58%.

The consumer price index excluding food prices increased 4.05% in March from a year before and rose 0.28% compared to February.

The annual inflation target in Colombia ranges from 2% to 4%.

The next monetary policy meeting at the Colombian central bank is scheduled for April 27.

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