A lower inflation figure in March in the United States (5% in annual terms) compared to 6% in February, is generating a drop in the price of the dollar in Colombia and various developed and emerging countries.
In the banking market in Colombia, the currency opened operations at $4,470 and in the first operations it reached a drop of minimum rate of $4,462 and a maximum of $4,477.
(Read: Weight vs. dollar: after 2 months, the market “is” on the Colombian side).
The Representative Market Rate (official dollar) for this Wednesday, April 12, it is $4,516.76 and the average rate based on the first operations is $4,476.57, that is, a difference of $39.
The annual rate of inflation in the United States continued to decline in March, for the ninth consecutive month, and stood at 5%, one point below that of February, according to data published by the Bureau of Labor Statistics (BLS).
This is the strongest drop since the indicator began to decline in July 2022 and, according to the agency, the inflation rate of 5% it is the lowest since May 2021.
(Read: Dollar, without floor: minimum price, close to breaking down $4,600).
In monthly terms, on the contrary, consumer prices rose by one tenth in March (compared to the four tenths they rose in February), at a time when the Federal Reserve (Fed) is closely analyzing the effects of price rises. types in prices.
The housing index was the one that contributed the most to the monthly increase in prices, with a rise of six tenths. Year-on-year, it accumulates an increase of 8.2% compared to March 2022. On the contrary, energy prices fell 3.5% monthly and, year-on-year, they fell 6.4%. The food index remained unchanged in March but in year-on-year terms accumulates a rise of 8.5%.
Core inflation, which measures the rise in consumer prices minus food and energy, the most volatile, rose four tenths in March and placed its interannual rate at 5.6%. The inflation data is released at a key moment, in which it is closely analyzed whether the constant interest rate hikes carried out by the Fed are having the desired effect of containing prices.
(Read: What to invest in in 2023 given the high volatility of the dollar).
On March 22, the regulator announced the ninth consecutive, a rise in interest rates of 0.25 points, and with this they moved to a support of between 4.75% and 5%.
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