Annual inflation rose to 5.1% in August, but food reached 6.1%, the highest level since November 2023, according to Anif.
Inflation in Colombia accelerated again in August and ignited the alerts of analysts. According to the DANE, the annual variation of the consumer price index It was 5.1%, exceeding 4.9% in July and moving again from the target range of the Bank of the Republic. However, the most restless fact is food, whose inflation reached 6.1% per year, the highest level since November 2023.
José Ignacio López, president of Anif, warned that this behavior has a direct impact on households, especially those of lower income. “Food inflation hits all homes, but above all the most vulnerable, And it can stop poverty reduction”He said.
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The union leader explained that the rebound in the price of food represents a setback against the advances that had been recorded in previous months. “The rise puts pressure on the pocket of families and complicates the task of consolidating inflation reduction,” he said.
According to the official report, Three divisions concentrated 68.1% of the annual price increase: housing and public services, food and restaurants and hotels. In monthly terms, the CPI recorded an increase of 0.19%, mainly driven by fresh fruits, foods in restaurants and personal hygiene items.
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López also warned that the situation limits monetary policy decisions. “It is likely that the Bank of the Republic maintain the interest rate in September, because the acceleration of total inflation and basic still does not allow you to think about cuts,” he said.
With Ascent food prices and general inflation again above 5%analysts expect that it will be difficult to achieve significant relief for homes in the remainder of the year
Source: Integrated information system
