Colombian inflation at highest in almost 6 years as food costs spike

Summary

March inflation stood at 0.59% YoY, slightly exceeding our expectations (Bloomberg: 0.61% BBVA 0.51%). Thus, prices in the last 12 months recorded an increase of 4.56%. Food (7,4% YoY), for the third consecutive month, is the group with the highest monthly growth (1.17% MoM in March) contributing with 34 basis points (bps) to the monthly variation of 0.56%.

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