These are the most expensive cities to live in Colombia

These are the most expensive cities to live in Colombia

This January 5th, the Dane gave know the inflation data for 2022 that reached 13.12%, the highest of the last 23 years, since since March 1999 a similar figure had not been observed. For that date it was 13.51 percent.

(Also: 2022 inflation, the highest since 1999 but could have been worse, why?).

In the country, only three cities reported a CPI lower than the national average, these were: Medellín (12.75 percent), Manizales (12.61 percent) and Bogotá (12.35 percent), which was the one that registered the smallest variation in all of last year.

By contrast, Cúcuta was the city where the cost of living increased the most for Colombians with 16.34%. According to the director of Dane, Piedad Urdinola, what contributed the most to this annual variation was the rise in the prices of meals outside the home, with an increase of 21.95 percent and a contribution of 1.62 percent.

Other products and services that were more expensive at the end of the year were electricity (20.27 percent), beef (25.88 percent), rice (55.10 percent) and imputed rent (4.14 percent).

Followed by Cúcuta are four cities in the Caribbean region that register high inflation: Sincelejo (15.83 percent), Valledupar (15.53 percent), Riohacha (15.52 percent) and Montería (15.38 percent).

(Keep reading: Inflation in Cúcuta: why is it the highest in the country?).

Regarding Bogota, what contributed the most to having a CPI of 12.35% was food for consumption in restaurantswhich registered a price increase of 19.01% and a contribution to the figure of 1.45%.

Likewise, in the capital the prices of new vehicles rose (20.94 percent) due to the increase in the exchange rate, rent (3.82 percent), milk (38.84 percent) and electricity. (18.49 percent).

(See: Market reactions and economic sectors to the inflation of 2022).


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