Colombia registered an inflation rate of 9.2% in April, which leads the country to match the average record within the members of the Organization for Cooperation and Development (OECD), which published this Thursday its monthly cost of living report.
(See: Has inflation begun to subside?: this is what analysts say).
Thus, both Colombia and the average of the economic bloc are located after the middle of the comparative graph and are below European countries such as Hungary (9.5%); the Netherlands (9.6%) and Greece (10.2%).
It is worth noting that among the countries of the organization, Turkey registers the highest annual inflation with an increase of 70% in April.
However, taking into account underlying inflation (without food or energy), Colombia registered an annual increase of 5.4% in April, placing it below the group average of 6.3%.
(See: ‘Raw materials are helping us overcome the crisis’).
Returning to the general sectoral analysis, the increase in inflation to 9.2% in the OECD area shows a considerable variation from the March record, when it stood at 8.8%. Excluding food and energy, year-over-year inflation increased to 6.3% in April 2022, compared to 5.9% in March 2022.
Price developments varied somewhat from country to country. In April, nine OECD countries recorded double-digit inflation rates, with the highest rates experienced in Turkey and Estonia. By contrast, inflation fell in five countries in the area, including Italy, Spain and the United States.
(See: Inflation touches Formula 1).
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