Producer Prices in Colombia
Colombia - Producer Prices
Inflation inches down in July
According to the National Department of Administrative Statistics (DANE), consumer prices fell 0.13% over the previous month in July, contrasting a 0.15% month-on-month rise in June. Prices declined in four out of the nine components, while increasing in the remaining five. Communications recorded the biggest drop in prices, while housing registered the largest upturn in prices.
Inflation inched down to 3.1% in July from 3.2% in June, thus remaining within the Central Bank’s target band of 3.0% plus or minus 1.0%.
In June—the latest month for which data is available—core consumer prices, which exclude volatile items including fresh food and fruit, rose 0.15% after increasing 0.25% in May (previously reported: 0.27%). Meanwhile, core inflation fell to 3.6% in June, down from 3.8% in May.
Colombia Inflation July 2018
Panelists participating in the LatinFocus Consensus Forecast expect that inflation will end 2018 at 3.3%, which is unchanged from last month’s forecast. For 2019, the panel also expects inflation to end the year at 3.3%.
Colombia - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.1||6.0||5.5||2.2||3.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.87||0.0 %||Aug 06|
|Exchange Rate||2,896||-0.17 %||Aug 07|
|Stock Market||12,095||-0.66 %||Aug 06|
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August 4, 2018
According to the National Department of Administrative Statistics (DANE), consumer prices fell 0.13% over the previous month in July, contrasting a 0.15% month-on-month rise in June.
August 2, 2018
According to the National Department of Administrative Statistics (DANE), the annual pace of expansion in exports climbed to 15.9% in June, markedly up from 5.0% in May.
August 1, 2018
Colombia’s manufacturing sector gained speed at the outset of the third quarter, reflected by the seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI), which rose to 53.5 in July, up from 53.0 in June.
July 27, 2018
At its 27 July Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously opted to hold the benchmark interest rate at 4.25%, matching the decision of the last meeting that took place at the end of June.
July 17, 2018
The Fedesarrollo consumer confidence index jumped to 15.5 points in June from 8.9 points in May, moving further above the zero-point threshold separating optimism from pessimism among consumers.