Inflation in Colombia does not subside. Despite the fact that the Government said a month ago that the CPI in February had reached a point of moderation, the truth is that inflation closed the first quarter without finding its ceiling.
Faced with this situation, the National Government called on businessmen to help moderate the inflation of industrial products and services.
“It is time for businessmen to help moderate the inflation of industrial products and services”said the Minister of Finance, José Antonio Ocampo, minutes after the Dane revealed that the annual variation of inflation in March had reached 13.34%.
Following this request, President Gustavo Petro later reported that he had reached an agreement with Andi, a union that brings together the country’s businessmen and industrialists, and the SAC, which represents Colombian farmers, to design and implement measures aimed at reducing prices. of food.
Inflation for food, low-income households, and agribusiness products continues to decline. We have agreed with the employers, the @ANDI_Colombia and the @SAColombia Design and implement measures to reduce food prices.
— Gustavo Petro (@petrogustavo) April 5, 2023
