Annual inflation climbs to 8.6% in Q2, Colombian inflation report reveals
Inflation set to decline closer to 3% target in second half of 2016
Annual consumer inflation reached 8.6% in the second quarter of 2016, the latest inflation report from the Central Bank of Colombia shows.
"This behaviour of consumer prices occurred in a context where economic activity continued to be affected by the decline in terms of trade and the subsequent deterioration in national revenue," the report says.
The central bank has an inflation target of 3% and although inflation is noticeably higher, the bank believes annual CPI will "begin to decline"
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