This Saturday the Dane will release the inflation data for February

This Saturday the Dane will release the inflation data for February

The National Administrative Department of Statistics (Dane) will announce today the February inflation datafor which the market expects some of the price pressures to continue.

(Read: Market expects inflation in February to reach 7.64%).

For the monthly data the expectation is around 1.23% on averageaccording to the monthly survey of expectations carried out by Banco de la República to 42 entities, while the Citi survey, in which 27 of the main market players participated, projects an average figure of 1.29%.

So the inflation would reach a figure of 7.64% according to the average of the survey, with a minimum expectation of 7.2% and a maximum of 8.02%. Some estimates, such as that of the Financial Opinion Survey (EOF), by Fedesarrollo, place annual inflation for February at 7.35%.

Some estimates, such as that of Banco Itaú, expect that, for the second month of the year, consumer prices have a monthly increase of 1.4% and that the annual figure reaches 7.74%.

According to an analysis prepared by the bank, the variation in the Consumer Price Index (CPI) for February would be pressured by food coststhe transportation division (in part driven by fuel prices), along with seasonal adjustments in the education component.

(What’s more: Tariffs on 165 imported goods are lowered to 0% to alleviate inflation).

Other forecasts such as that of Asobancaria place monthly inflation at 1.31%, for a annual figure of 7.67%; other entities such as BTG Pactual expect a monthly rise in prices of 1.33%, while Citi forecasts 1.09% for monthly inflation and 7.43% for the year. The highest projection is that of Bancolombia, with a figure of 1.65% for the month and 8.02% in annual inflation.

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