Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Consumer prices down 0.19% in September

by Adriaan Alsema October 2, 2008

Colombian consumer prices fell
0.19 percent in September versus a rise of 0.08 percent in the
same month last year, the government’s statistics department
said on Wednesday.

Analysts in a Reuters poll this week predicted a September
consumer price rise of 0.11 percent. But an unexpected 1.24
percent drop in food prices during the month drove overall
prices lower, the DANE statistics department said in a
statement.

“This confirms that the central bank will probably start to
lower interest rates in the first quarter of next year, or
maybe even sooner,” said Camilo Perez, chief economist at Banco
de Bogota.

The bank, concerned about above-target inflation, has
resisted calls from popular President Alvaro Uribe and business
groups to cut its key rate from its current 10 percent.

In the first nine months of the year Colombian inflation
was 6.53 percent versus 4.67 percent in the same 2007 period.

The central bank has set a inflation target ceiling of 4.5
percent for full 2008. (Reuters)

 

Trending

  • Colombia registers 12th massacre so far this year

  • Journalist resigns after pulling editorial punch at Colombia’s richest man

  • Colombia’s elderly still waiting for COVID-19 vaccines

Weekly interviews and news updates

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top