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July's rate of 3.4% is a decrease from the 3.99% seen in June and represents the 12th straight month that inflation has fallen.

The 3.99% rate is 38 basis points below the 4.37% annual inflation seen in May and less than half of the 8.60% rate in June 2016.

With inflation nearing the central bank's target range, some analysts are now wondering if the central bank will make another 50-basis-point cut Colombia's interest rate.

The February rate is down from 5.47% in January — and a marked decrease from the 8.97% seen in July 2017.

The slow growth in 2016 marks only the second time since 2002 that the Colombian economy has expanded by less than 3.0%.

Exports from free-trade zones from January through October in 2016 were 52.9% higher than the same period in 2015.

The new 6.48% rate is the lowest seen since November 2015 — and a huge drop from the 8.97% high in July.

The 2.0% figure is below the projections of most analysts in what is shaping up to be an even worse year than expected for Colombia's economy.

The inflation rate in Colombia has hit yet another 16-year high, rising to 8.97% in July compared to 8.60% in June. Consumer prices jumped much more than expected.

Colombia’s unemployment rate dropped in November to 7.3%, announced Minhacienda, Colombia’s Finance Ministry, along with statistics agency DANE yesterday. The new rate reflects a drop of 0.4 percentage points over the 2014 statistic. The rate in the 13 largest cities was measured...