As of September 2022, the Consumer Price Index (CPI), or inflation, in Colombia it registered a historical data: 11, 44%.
For 23 years, the country has not had a similar figure: in April 1999 it was 11.17%.
Although it could be thought that inflation is a “very economic” fact that should only matter to the National Government and experts on the subject, its impact transcends even the citizen. Thus, it is vital that you ‘stop balls’ and understand how your finances are compromised.
And it is that inflation is nothing more than the decrease in purchasing power in people. In other words, prices go up, but money is ‘worth less’ and you can buy fewer things than before.
To this is added that, the higher the inflation, the less will be the desire to invest in a country, since uncertainty is generated about the value of money.
“Low inflation promotes the efficient use of productive resources. On the contrary, when inflation is high, part of the time of individuals and part of the resources of the economy are invested in the search for mechanisms to defend against inflation.“, they explain from the Bank of the Republic.
with the special ‘The faces of inflation: the life of Colombians is on the rise’, Portfolio seeks to highlight the problem of inflation from the eyes of ordinary people. The objective is none other than to bring them closer to real problems, of real people, to make a call and give the necessary attention and importance to this phenomenon.
CREDITS
Editor of the special: Camilo Hernandez M.
Video and audio: Jessika Rodriguez and Mariana Guerrero Alvarez
Infographic: Jessika Rodriguez and Silvia Gomez
Drafting: Camilo Hernández M, Jessika Rodríguez, Mariana Guerrero Álvarez, Silvia Viviana Gómez Peña and Javier Acosta.
