Colombia | Inflation in September continues to rise at 4.51%.

Inflation in September had a monthly variation of 0.38%, in line with what we anticipated (0.40%) and stood at 4.51% YoY. Food prices moderated their upward pressure but remained at high levels. Once again, higher education tuition discounts provide temporary relief to inflation.

Key points

• Key points:
• Core inflation had a monthly variation of 0.26%. With this, it stands at 2.47% in annual terms and decelerates for the first time in eight months.
• Of the twelve spending divisions, only the education division registered a negative variation in the month of -2.30%.
• Food for home consumption had a monthly variation of 0.76% and remained as the division with the highest contribution in the month.
• Banco de la República will continue its gradual rate hike cycle, in which the advance of inflation and the anchoring of expectations will set the pace of its policy rate adjustment.

Authors

Geographies

Topics

Tags