At 6.39%, Colombian inflation in the year to May was more than two percentage points above the Banco de la Republica's target, which it outpaced in 2007 and is set to do so again this year. To add to the central bank's problems, food price inflation looks likely to have worsened in June.
In the current global climate, Colombia's situation is far from unique. But for a country that experienced inflation above 30% in the early 1990s, the trend is perhaps more worrying than for most.
"We have to re