UPDATE 1-Colombia Jan inflation seen at 0.88 pct-cbank poll

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BOGOTA, Jan 13 (BestGrowthStock) – Colombia’s inflation rate is
expected to be 0.88 percent in January versus 0.69 percent
recorded in the same month a year ago, according to a central
bank poll of analysts released on Thursday.

Latin America’s No. 4 oil producer had a 3.17 percent
inflation rate in 2010, within the the central bank’s target of
2 percent to 4 percent. The monetary authority has kept the
same range for this year.

The poll of 45 analysts found on average analysts forecast
inflation of 3.57 percent this year, above market expectations
of 3.19 percent in the bank’s last poll in December.

Experts expect consumer prices to rise 3.52 percent in
2012, the poll showed.

Inflation outlooks likely reflect the impact of heavy rains
that have destroyed crops and roadways and pushed up costs of
food and transportation.
(Reporting by Nelson Bocanegra; Editing by Dan Grebler)