Tuesday, October 3, 2023

Inflation in Colombia closed at 11.43% in August | Finance | Business

The National Statistics Office (Danish) presented this Thursday, September 7, its latest report on the Consumer Price Index (CPI), recording an annual inflation rate of 11.43% in Colombia (as of August 2023).

Likewise, the monthly data for August stood at 0.70% while the current year data stood at 7.43%.

The concept with the greatest weight in the monthly variation was food and non-alcoholic drinks with a percentage variation of 1.13%, a contribution of 0.22 percentage points (pp).

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This is followed by accommodation, water, electricity, gas and other fuels with a variation of 0.61% and a contribution of 0.19 percentage points.

Finally, in third place is traffic with a variation of 0.90% and a contribution of 0.12 percentage points.

(Inflation in Colombia: How prices developed in August).

However, the sectors with the lowest weight were education, clothing and footwear, and household goods and services, with a contribution of 0.01 percentage points. every.

Taking into account the annual variation, the geographical areas with the highest data were: Cúcuta (12.59%), Sincelejo (12.58%), Montería (12.11%), Bogotá (11.67%) and Medellin (11, 53%).

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On the other hand, the lowest data were presented in Villavicencio (9.85%), Santa Marta (10.42%), Riohacha (10.65%) and Tunja (10.82%).

Nation World News Desk
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