BOGOTA, June 5 (Reuters) - Colombia's inflation was 0.10 percent in May compared with 0.46 percent in April, the government's DANE statistics agency said on Saturday.
The average forecast of 37 analysts polled by Reuters earlier this week was 0.23 percent for May compared with the unusually low 0.01 percent recorded in the same month last year.
Inflation for the twelve months through May was 2.07 percent compared with 1.98 percent in the year to April, while consumer prices for January-May were 2.35 percent versus 2.28 percent in the same period last year.
A central bank poll of analysts last month said that inflation was seen quickening at 0.28 percent in May compared with the same month a year ago.
Colombia's central bank sees inflation around 3 percent this year, in the middle of its target range.
The Andean country's economy slowed in early 2008 after policies were tightened to address overheating during a 2004-2007 boom as President Alvaro Uribe's security policies attracted international investment.
The global crisis caused private investment to fall in the last quarter of 2008, but domestic demand began recovering in the second half of 2009.
The gross domestic product was 0.4 percent in 2009, and the government has forecast more than 2.5 percent expansion this year.
(Reporting by Luis Jaime Acosta; Writing by Jack Kimball; Editing by Philip Barbara) Keywords: COLOMBIA INFLATION/ (jack.kimball@thomsonreuters.com; +57-1-634-4133; Reuters Messaging: jack.kimball.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The average forecast of 37 analysts polled by Reuters earlier this week was 0.23 percent for May compared with the unusually low 0.01 percent recorded in the same month last year.
Inflation for the twelve months through May was 2.07 percent compared with 1.98 percent in the year to April, while consumer prices for January-May were 2.35 percent versus 2.28 percent in the same period last year.
A central bank poll of analysts last month said that inflation was seen quickening at 0.28 percent in May compared with the same month a year ago.
Colombia's central bank sees inflation around 3 percent this year, in the middle of its target range.
The Andean country's economy slowed in early 2008 after policies were tightened to address overheating during a 2004-2007 boom as President Alvaro Uribe's security policies attracted international investment.
The global crisis caused private investment to fall in the last quarter of 2008, but domestic demand began recovering in the second half of 2009.
The gross domestic product was 0.4 percent in 2009, and the government has forecast more than 2.5 percent expansion this year.
(Reporting by Luis Jaime Acosta; Writing by Jack Kimball; Editing by Philip Barbara) Keywords: COLOMBIA INFLATION/ (jack.kimball@thomsonreuters.com; +57-1-634-4133; Reuters Messaging: jack.kimball.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.