UPDATE 1-Colombia’s inflation 0.11 pct in August

(Adds details on yearly inflation)

BOGOTA, Sept 4 (BestGrowthStock) – Colombia’s consumer prices rose
0.11 percent in August compared with inflation of 0.04 percent
in the same month a year earlier, the government said on
Saturday.

Colombia, Latin America’s No. 4 oil producer, is recovering
robustly from the global economic crisis and the government
expects growth of around 4 percent this year.

Inflation for the year so far to August was 2.54 percent,
the DANE statistics agency said in a statement.

The central bank has forecast inflation of between 2 to 4
percent for this year.

(Reporting by Bogota newsroom, Editing by Sandra Maler)

UPDATE 1-Colombia’s inflation 0.11 pct in August