FX.co ★ Colombia's CPI Decreases to 7.16% in April 2024

The latest data from Colombia's Consumer Price Index (CPI) for April 2024 shows a decrease to 7.16%, down from the previous month's 7.36% in March 2024. The comparison is year-over-year, with the current indicator reflecting the change for April 2024 compared to the same month a year ago.

The update, released on May 8, 2024, indicates a slight improvement in inflation figures for Colombia. The CPI is a key economic indicator that measures the average change over time in the prices paid by consumers for a basket of goods and services. A lower CPI can suggest a decrease in inflationary pressures, which could positively impact the country's economic stability and consumer purchasing power.

As Colombia continues to monitor its economic indicators closely, the slight decrease in the CPI for April 2024 provides some insights into the country's inflation trends and potential implications for the broader economy moving forward.