Log in to your IBTimes Account

close
ID
Password

Colombia annual inflation hits 7.9 pct. in August



By AP
02 September 2008 @ 06:26 pm EST

BOGOTA, Colombia - Colombia's national statistics institute says annual inflation rose to 7.9 percent in August as housing, health and transportation costs climbed.

Related Topic

Get stories by e-mail on this topic.

E-mail:

The institute says annual inflation was just 5.2 percent in the same month last year.

This year, August prices rose by 0.19 percent over July, up from 0.13 percent gains in 2007.

Colombia's central bank raised its benchmark interest rate by 25 basis points in July in a bid to stem swelling prices.

The bank held the rate at 10 percent at its last meeting on Aug. 15.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Politics & Policy
The FBI says the mayor of Birmingham, Ala. has been arrested on federal charges. FBI Spokesman Paul Daymond said Larry Langford was taken into custody ar...
The drop in world energy prices is forcing Trinidad and Tobago to postpone the construction of new schools and two major hospitals. Prime Minister Patric...
State bank BayernLB plans to cut 5,600 jobs--29 percent of its total work force--through 2013 to weather the global financial crisis, the company said in...

Advertisement
Build Business Credit for your company with NO PERSONAL GUARANTEES!

Building your business and corporate credit for your small business.

New york web design

new york web designers specializing in custom web design, joomla web design. Get a free quote today.

Reach emerging Latin American markets!

Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives