The annual variation of inflation in Colombia was 5.20% in November. This was evidenced by the most recent report on the Consumer Price Index (CPI) presented by the National Administrative Department of Statistics (Dane).
(Read more: Annual variation of inflation in Colombia was 5.20% in November)
Although the data reinforces the downward behavior that the indicator has been maintaining, it did not manage to reach the goal projected by experts for this month. who predicted a result close to 5.1%.
However, expectations are that the year will close with a CPI above 5% or less. At least that is what the National Government intends, an objective supported by President Gustavo Petro.
After the inflation reports were released, the head of state highlighted in his X account that, one month before the end of 2024, This index already accumulates 4.72%. This is referring to the data for the current year ending in November.
The president also highlighted that, considering this trend, there is a high possibility that the year will end with a result below 5% annually.
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One month before the end of the year and with inflation data from November, we have inflation for the year of 4.72%; It is highly probable that at the end of the year we will have inflation of less than 5% annually.
The annual accumulated food price is 2.7%, ten times less than the inflation of…
— Gustavo Petro (@petrogustavo) December 6, 2024
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“With one month to go until the end of the year and with inflation data from November, we have inflation for the year of 4.72%; it is highly probable that at the end of the year we will have inflation of less than 5% annually”Petro highlighted.
The president also mentioned that the annual food accumulation is 2.7%, that is to say, “ten times less than the inflation of Duque’s last year.”
It should be noted that the data for the penultimate month of the year becomes even more relevant considering the context of the salary discussion. With this result, The tripartite table already has the inputs to start the negotiation of the increase in the 2025 minimum.
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