Colombian consumer prices rose at their fastest pace in four months in August, dealing a setback to President Gustavo Petro’s campaign for deeper interest-rate cuts.
Annual inflation accelerated to 5.1%, the statistics agency said Friday, from 4.9% a month earlier. That was in line with the median forecast of 5.11% of 23 economists surveyed by Bloomberg. Prices rose 0.19% from the previous month.