Inflation Report March 2018

Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

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 Hurtado
Box 2 .The Recent Drop in Food Prices. Authors: Edgar Caicedo García , Isleny J. Carranza Amórtegui
Box 3. GDP of the Construction Sector in 2017: some stylized facts and disparities. Authors: Daniel Parra, José Franco

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