Colombia May Inflation Up 0.3%

Colombia registered inflation of 0.3% in May, and took inflation for the 12 months through May to 6.23%. Consumer prices rose to 4.42% for the first five months of the year, compared with 2.71% for the same period in 2006. Price rises in May were driven by health (+0.49%), food (+0.47%) and housing (+0.36%) costs. The Central Bank has set a target range of 3.5-4.5% this year.