The Colombian Consumer Price Index (CPI) rose 4.09% in December 2017 on an annual basis, decelerating from the 4.12% increase in November, when it grew at the fastest pace since last May, said the country’s statistics office.
The Colombian inflation rate closed the year slightly above the 4% limit set by the central bank for 2017, and also above analysts’ expectations of 4.01%.
The most significant contributions to inflation in Colombia in December came from housing, transportation and food expenses.
On a monthly basis, consumer prices rose 0.38% in December, also accelerating from November (+0.18%).
The material has been provided by InstaForex Company – www.instaforex.com
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