Colombia: Inflation inches down in December
Consumer prices rose 0.26% over the previous month in December, accelerating from November’s 0.10% increase. December’s reading largely reflected higher prices for housing and utilities, transport, restaurants and hotels, and recreation and culture.
Inflation ticked down to 3.8% in December from November’s revised 3.9% (previously reported: 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 was stable at 3.5% in December.