Colombia Prices March Upwards

Colombia’s inflation continued to gather pace in March, with prices pushing up 1.21% during the month, faster than most analysts had expected. According to national statistics bureau DANE, the month’s price rise took inflation for the 12 months through March to 5.78%, up from 5.25% in February and further over the government’s 4%-5% target range. Rises in food costs drove prices last month, up 2.6%.