Tuesday, October 3, 2023

Colombia’s consumer prices 0.30 pct in January

(Reuters) – Colombia’s consumer prices rose 0.30 percent in January while 12-month inflation was 2.00 percent, the government’s statistics agency said on Tuesday.

In a Reuters poll last week, analysts saw inflation at 0.54 percent in January, accelerating from 0.09 percent registered in December. The poll expected annual consumer prices to rise 2.27 percent in January, down from 2.44 percent in December.At its last monetary policy meeting, Colombia’s central bank cut its benchmark interest rate a quarter point to 4 percent given a slowdown in the economy as global risks weigh  on the nation’s manufacturing and exports.

The bank has set a 2013 inflation target of between 2 percent and 4 percent.

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Here is the breakdown of consumer prices over the year:

MoM         YoY
January      +0.30%       +2.00%
December     +0.09%       +2.44%
November     -0.14%       +2.77%
October      +0.16%       +3.06%
September    +0.29%       +3.08%
August       +0.04%       +3.11%
July         -0.02%       +3.03%
June         +0.08%       +3.20%
May          +0.30%       +3.44%
April        +0.14%       +3.43%
March        +0.12%       +3.40%
February     +0.61%       +3.55%
January      +0.73%       +3.54%
December     +0.42%       +3.73%

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We strive for accuracy in its reports. But if you see something that doesn't look right, send us an email. The Q reviews and updates its content regularly to ensure it's accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!

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