Colombian Producer Price Index closes 2020 with a drop of 0.87%

Producer prices in Colombia fell 0.87% in 2020 due to a drop in mining costs, the National Statistics Department (DANE) reported. The fall of 2020 contrasted with a rise of 6.09% in 2019. In 2020, mining prices accumulated a fall of 17.78%, while those of agriculture and livestock rose by 9.29%, and industry by 1.24%. The Producer Price Index (PPI) is an early benchmark for consumer prices, the main measure of local inflation to be released Tuesday night.

Source: Reuters