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Colombia CPI Rose 0.09% in December From Month Earlier

(Corrects to say annual inflation slowed in the second paragraph of story published on Jan. 5.)

Colombia’s consumer prices rose 0.09 percent in December from a month earlier, the national statistics agency said.

Annual inflation slowed to 2.44 percent, according to the report posted on the agency’s website. Economists expected monthly inflation of 0.26 percent and annual inflation of 2.61 percent, according to the median estimates of analysts surveyed by Bloomberg.

Colombia targets inflation of 2 percent to 4 percent. Policy makers last month lowered the target lending rate by a quarter-percentage point to 4.25 percent to revive a slowing economy. Central bank chief Jose Dario Uribe has said the economy likely grew less than 4 percent in 2012, after expanding 5.9 percent in 2011.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net.

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