Tag: cost of living

“There is a real purchasing power gain among Colombians,” says Minhacienda

“There is a real purchasing power gain among Colombians,” says Minhacienda

Carlos Vargas, a worker who claims that on average 50% of his income is spent every month on fuel to get around on his motorcycle due to his role in his job, a freight transport company in Barranquilla, with the increase he says that “Wait to see if raising the minimum wage can help.” The […]

“The conditions are being created for a drop in interest rates”

“The conditions are being created for a drop in interest rates”

“This is very important to continue with the decisions of monetary policy and sustainability macroeconomic of the country, therefore the message for the Bank of the Republic is that the conditions are created so that in December the pricesBonilla said. This comment is also shared by the former Minister of Finance, José Manuel Restrepowho emphasized […]

Inflation in the US remained stable in September

Inflation in the US remained stable in September

He further stated that the inflation Overall, it is down 60% from its peak in July 2022, at a time when unemployment has remained below 4% for twenty months in a row. “I will continue to fight for one economy from the center and from the bottom up, even as Republicans in Congress make reckless […]

Anif notes a clear moderation in domestic demand

Anif notes a clear moderation in domestic demand

“The energy basket leads again annual variationdriven by the price of the fuels; However, by September the economy is consolidating its downward trend. Likewise, the decline in core inflation (less energy and food), which is in single digits for the first time since January, could be evidence of the moderation of domestic demand,” he emphasized […]

Economic analysts predict annual inflation of 11.17% for August

Economic analysts predict annual inflation of 11.17% for August

“By the end of 2023, a inflation of 9%, which represents a much better range than what was considered in our line, but it is slightly above market expectations,” he explained. fields. The analyst specified that consideration of the restructuring of the monetary policy in the country generally shows an increase. The Economic Research Team […]

Annual inflation continues to fall in Colombia: 12.13% in June

Annual inflation continues to fall in Colombia: 12.13% in June

The Dane revealed that monthly inflation for the sixth month of the year was 0.30%. Dane’s director explained that the expense division that showed the greatest monthly variation in June was transportation at 1.08%. This report emphasizes that the food and non-alcoholic beverages was the only item showing negative variation by 0.53%. Likewise, he reiterated […]

Inflation continues to fall in the country with an annual indicator of 12.36% in May

Inflation continues to fall in the country with an annual indicator of 12.36% in May

He Dane revealed that monthly inflation for the fifth month of the year was 0.43%. Dane’s director explained that the item with the largest monthly variation was transportation at 1.19%. This report highlights that food and non-alcoholic beverages were the only spending division with a negative variation of 0.85%. “We see a realignment that has […]

Inflation in the US is down by a tenth to 4.9% in April

Inflation in the US is down by a tenth to 4.9% in April

Interannual inflation in the United States fell again for a tenth straight month in April, standing at 4.9%, one-tenth less than in March, according to data released Wednesday by the Bureau of Labor Statistics (BLS). in English). The timid one-tenth drop comes after March’s drop of one point from February, the sharpest drop since the […]

Analysts say inflation fell in April and is expected to reach 12.9%

Analysts say inflation fell in April and is expected to reach 12.9%

A strengthening of the peso against the dollar could push prices of imported goods stop rising, which will help reduce inflation,” Scotiabank stressed. In turn forecasts of Davavienda they indicate monthly inflation will be 0.80% in April and annual inflation will be 12.84%. Meanwhile, analysts consulted by Fedesarrollo and the Colombian Stock Exchange (BVC) in […]

Inflation is known from June at 6 p.m.: Dane

Inflation is known from June at 6 p.m.: Dane

As of June 2023, the National Administrative Service of Statistics (Dane) will publish Consumer Price Index (CPI) results on the fifth working day of each month at 6:00 PM. Since last August, El Dane has been publishing Consumer Price Index (CPI) results on the 5th of every month at 6am; or on Saturday at noon, […]