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The hope is that we will see another decline for January, but some are concerned about how the 12% minimum wage increase and El Niño have affected prices.

A dozen people, including four children, were killed yesterday by mudslides the struck the central Colombian town of Marquetalia in the middle of the night.

Rain and severe weather have led to the collapse of at least 14 houses, but no deaths, significant injuries, or missing people have been reported.

More than half of the total, or about $2.3 million USD, will fund the construction of a new administrative center for Mocoa.

"The award is a testament to the market’s appetite for our risk models, analytics, and insight,” said Victor Roldán of RMS.

Floodwaters in Bagadó reportedly reached more than meter high, while the municipalities of Cértegui, Lloró, and Nuquí also experienced significant flooding.

Heavy rains caused a landslide that killed at least 16 and affected more than 500 families and 80 homes across 16 primarily lower-class neighborhoods.

There were no injuries to any of the four crew on board, but one of El Dorado’s runways remained closed for roughly two hours.

"My heart — our heart, the heart of all Colombians — is with the victims of this tragedy," said President Santos.

"Looking at the kinds of disasters in Colombia, I think systems like ours make a lot of sense," says Anand Anupam of Unified Messaging Systems.