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The consumer price index (IPC) rose by just 0.24% from February to March, putting the 12-month inflation rate at 3.14%, down from 3.37% in February.

The funds will significantly reduce the interest rate of some 77,000 mortgages that officials say will be generated by plan.

The increase was driven largely by a 5.94% spike in labor costs and 4.38% rise in the cost of materials.

An increase over the past month in the recreation prices (up 0.68%) and housing prices (0.30%) helped to push up the overall consumer price index.

"Proyectos Inmobilarios" platform will begin with 200 real estate projects and expand to include many more.

Colombia’s largest bank Bancolombia this week lowered the interest rates on its mortgage offerings by up to 150 basis points. According to the Medellín-based financial institution, this move means its rates now start at 0.76% monthly, or 9.6% on an annual basis. The bank said...

Funds for sanitation, water, health, and education "will bring dignified living conditions to the population," said Buenaventura Mayor Eliécer Arboleda Torres.