Colombia| Inflation increase in April is transitory
Published on Friday, May 17, 2019 | Updated on Friday, May 17, 2019
Colombia| Inflation increase in April is transitory
April's inflation was the highest figure for the year but we believe it is a transitory increase and that at the end of the year it will return to the Bank of the Republic's target of 3% per year. Inflation recently published for April surprised the rise and stood at 0.5% per month above expectations.
Key points
- Key points:
- The upward surprise was largely due to food inflation
- We consider that climatic factors and the effect of Holy Week caused a lower production and collection of food
- For next months we expect food inflation to continue with an upward trend
Documents to download
-
Press article (PDF)
Colombia_Aumento-de-la-inflación-en-abril-es-transitorio.pdf Spanish May 17, 2019
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