Colombia’s peso bonds rose, pushing yields to two-week low, on speculation cheaper food prices resulted in slowing inflation in November.

The yield on Colombia’s 10 percent bonds due in July 2024 fell three basis points, or 0.03 percentage point, to 7.55 percent at 9:48 Bogota time, according to the stock exchange. The bond’s price rose 0.288 centavo to 119.435 centavos per peso.

“People have been cutting their inflation forecasts because farmers have had to sell goods at lower prices as the rains affect their quality,” said Felipe Campos, head analyst at brokerage Alianza Valores SA in Bogota.

Heavier-than-average rain, caused by La Nina weather pattern, will last through the first quarter, the government has said.

Consumer prices rose 0.19 in November after increasing at the same pace the previous month, according to the median estimate of 28 economists surveyed by Bloomberg. The national statistics agency is slated to publish its monthly inflation report today at 7 p.m. New York time.

The peso rose 0.2 percent to 1,936.90 per U.S. dollar, from 1940.57 on Dec. 2