Colombia 4.48% Inflation Within Target

Colombia’s cumulative inflation rate for 2006 was 4.48%, with consumer prices increasing 0.23% in December, driven by price rises in transport and costs of entertainment goods and services, according to DANE, the national statistics agency. Annual inflation in 2006 was within the 4% to 5% range targeted by the government and compares with the rate of 4.85% posted in 2005.