Colombia's Finance and Public Credit Minister Ricardo Bonilla has said that inflation "continues to decline," although he is aware that the debate will focus on the effect of the adjustment in diesel prices or the truckers' strike.

Colombia's Finance Minister Ricardo Bonilla has expressed his hope that year-on-year inflation will fall below 6% in September, pending the impact of last month's truckers' strike on the price index.

Speaking to the media, the minister said that inflation "continues to decline", although he is aware that the discussion will focus on the impact of inflation, whether due to the adjustment in diesel prices or the truckers' strike.

"Today we expect inflation to remain below 6%. Both things will be here, but we will find that inflation continues to fall," he said.

In August, inflation in Colombia stood at 6.12%, which is 0.74 percentage points lower than in July. In addition, in monthly terms, there was no acceleration in prices in August, with inflation remaining at 0%.

In this context, the Banco de la República (Colombia's central bank) decided to cut interest rates by 50 basis points at its latest monetary policy meeting, held last week. This measure was criticised by the government and businessmen, who had expected a larger reduction of 75 basis points.