The second activity with the greatest variation was transport and communication with -4.15%. and because costs had to be mobilized, the money they allocated for telephone and other services amounted to $5.4 billion. Just as Barranquilla residents spent more on transportation and communications, they also consumed more goods. Housing spending was the second highest on […]
Tag: household consumption
Household spending in 2023: more money fewer units purchased
By 2023, Housing in Colombia faced a challenging scenario, characterized by the continued upward trend in inflation since the start of the pandemic. This phenomenon has left its mark on the purchasing power of households in the shopping cart. One of the determining factors in this panorama was the increase in rental prices and the […]
Of every 100 Colombians, 53 believe their situation has not improved
In the update of the Social Pulse Survey of the National Administrative Department of Statistics, Dannyshows that the consumer confidence indicator showed a decline in the quarter between April and June 2023 and reached 33.8 points, which compared to the immediately previous quarter (January – March) was 34.0 points. For June, the figure was higher […]
Increased financial burden on households
In line with the higher growth of the household portfolio, there was an increase in the financial burdens it bears. This is evident from the data from the Financial Stability Report of Banco de la República for the second half of 2022. Over the past two quarters, households’ financial burdens have risen and debt relative […]