Analysts predict inflation could reach 11.30%

referring to: inflation without food, Developments in the category of regulated items and services are expected to set the tone. On the regulated side, the increase would be explained by higher electricity and gas tariffs.

“If it materializes, annual inflation would reach 11.3%, a new high for the 21st century,” says the Bancolombia Group report.

For their part, the analysts consulted by Fedesarrollo in the Financial Opinion Survey indicated that they expect an inflation rate of almost 11.2% for September.

Julio César Romero, chief economist at Corficolombiana SA, points out that the inflation cycle would peak at 11.8% in October and then begin a gradual adjustment process that would keep inflation above the Banco de la República target by 2023. “The forecast is with a great deal of uncertainty,” he says.

The major components of the CPI are expected to moderate inflationary pressures in the coming year, especially food and goods.

However, the increase in petrol prices will limit the disinflation of services and regulated items.

For its part, the Colombian Mercantile Exchange announced that the Agricultural Price Index (IPAP-BMC) had an annual variation of 26.7%, the lowest since September 2021. On a monthly basis, the indicator rose 1.49% compared to August.

Inflationary pressures caused by agricultural commodities, and food in particular, remain an important factor in the behavior of the general price level.

Source: El heraldo

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