Colombia | Is inflation target in danger this year?

Summary

The DANE published the inflation figure for the month of July, with a variation of 0.22% above that anticipated by analysts. With this figure, annual inflation reached 3.79%, already very close to the ceiling of the target range defined by the Issuer. On the other hand, the exchange rate returned to historical highs.

Key points

• Key points:
• Food inflation is expected to yield gradually, with last year's records in the second half of the year is low, at least lower than the historical average.
• The Issuer increased its expectation of closing inflation to 3.8% from 3.3%, again closer to 4.0% than to 3.0%.
• It can be seen that it is the poorest households that face the highest inflation.

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