In the first quarter of 2018, inflation and core inflation fell more than projected and accelerated their convergence to the 3.0% target. In March 2018, the annual variation of the CPI and the average of core inflation indicators stood at 3.14% and 3.64%, respectively. These figures were close to 1 pp lower than the records of last December.Box 1. A New Exercise Disaggregating Real Exports. Authors: Miguel Arquez Abdala, José Franco Sepúlveda, Camilo Cárdenas HurtadoBox 2 .The Recent Drop in Food Prices. Authors: Edgar Caicedo García , Isleny J. Carranza AmórteguiBox 3. GDP of the Construction Sector in 2017: some stylized facts and disparities. Authors: Daniel Parra, José Franco