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Colombian inflation hits lowest rate since 2010

Thursday, December 6, 2012

Colombian inflation unexpectedly slowed in November to its lowest rate since 2010 on cheaper food and transport.

Consumer prices rose 2.77 percent from a year earlier, down from a 3.06 percent annual increase in October, the national statistics agency said yesterday.

Prices fell 0.14 percent from a month earlier, the biggest monthly drop in more than two years. The fall was led by a 0.49 percent reduction in food prices. Transport costs fell 0.09 percent.

Source: Bloomberg