Again marked by the increase in the price of basic foodstuffs in the household basket, the annual inflation rate as of January 2022 was 13.25% in Colombia.
This was indicated by the National Administrative Service of Statistics (Dane) through the results of the Consumer Price Index (CPI) for the month of January this year.
This data represents the highest inflation rate of the century, a figure not presented since March 1999 when it stood at 13.51%.
The behavior of the CPI through January was driven by the increase in the prices of food and non-alcoholic beverages, restaurant and hotel services, housewares, transportation, and goods and services, all above the year-over-year variation.
Dane’s director, Piedad Urdinola, indicated that the annual variation of the CPI through January in the food item was 26.18%, contributing 4.69 percentage points to the annual indicator.
Among the foods that have risen the most, bananas stand out with an annual inflation rate of 57.22%, an indicator that according to Dane’s director “remains high”, followed by milk (35.98%), potatoes (16.16 %) and the marked increase in onion with a variation of 101.51%.
In geographic domains, Cúcuta remains the city with the highest annual inflation rate at 15.91%, and the one with the least variation was Bogotá at 12.71%. Barranquilla presented an annual indicator of 14.11% above the national variation.
For its part, monthly inflation was revealed to be 1.78% at the end of January.
By city, Manizales was the city with the highest monthly inflation rate at 2.02% and the one with the lowest indicator was Sincelejo at 1.14%. In the case of Barranquilla, monthly inflation in January was 1.61%.
In the specific case of energy rates, Dane’s director indicated that the annual variation of electricity services was 20.95%.
The city-by-city analysis shows that in annual variation, there are five Caribbean coast capitals that top the list of cities with the highest percentage of electricity supply, with Sincelejo being the one with the highest annual variation at 36.68%. Barranquilla presented an annual indicator of 24.47%, the eighth city with the highest inflation rate in this area.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
