LatinNews Daily - 07 January 2021

In brief: Colombia posts record low inflation figures

* Colombia’s national statistics institute (Dane) has released figures which show that the country saw monthly inflation of 0.38% in December 2020, bringing total annual inflation in 2020 to 1.61%. This represents the lowest figure on record for inflation in Colombia (below the 2.03% registered back in 1955) and falls below the target of 2%-4% set by the country’s central bank (Banrep). Banrep has maintained this target for 2021, voicing optimism that domestic consumption will recover, as Colombia seeks to bounce back from the impact of the coronavirus (Covid-19) pandemic.

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