January is for many Colombians the most difficult month of the year in economic matters. The rises, added to the delay due to the December dates, make people have to tighten their belts this month.
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Under this scenario, Household spending has historically had a reduction, but this year it particularly occurred in the midst of the economic reactivation after the covid-19 pandemic and strong inflationary pressure.
Camilo Herrera Mora, president and founder of the Raddar firm, analyzes in this episode of Economicast the most recent report on household spending, which indicates that it grew 4.2% in real terms compared to January 2021, but decreased 22.3% compared to last December.
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During the first month of the year, households showed a worrying escalation in the perception of purchases, stating in 68.04% of cases that they were able to buy fewer things than the previous month.
In January 2022, Households spent 72 billion pesos, with growth in current pesos of 11.40%, a figure that is quite positive if we take into account the inflation in January, which was around 6.9%..
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