Inflation in Colombia accelerated more than expected at the end of 2022, a situation that adds pressure on the Banco de la República to continue with its more pronounced adjustment cycle.
(Inflation in Colombia closed 2022 at 13.12% in its annual variation).
According to Dane, the consumer price index in its annual variation was located at 13.12% in December compared to a year earlier, and closed at its highest level since March 1999.
For their part, prices increased by 1.26% only in December.
The increase was led by food, restaurants, hotel services, rents and utilities.
(Relive the presentation of the consolidated results of the CPI for 2022).
core inflationwhich is closely monitored by those in charge of monetary policy since it excludes the most volatile items from the consumption basket, it accelerated 9.99% with respect to the same month of the previous year.
At their last meeting in 2022, the board of directors of the Banco de la República raised interest rates to 12%.
Bloomberg
