Inflation in Colombia stands at 0.50% in November

Inflation in Colombia in October was 0.01%

Bogotá, Dec 4 (EFE) .- The Consumer Price Index (CPI) of Colombia changed by 0.50% last November, a result explained by the behavior of the food and non-alcoholic beverages and restaurants and hotels sectors, reported this Saturday the National Administrative Department of Statistics (DANE).

“It is higher than the monthly CPI contraction that we saw in November 2020 when it was -0.15%. That leads to a year-to-date inflation of 4.86% and annual inflation cut to November 2021 of 5 , 26% “, expressed the director of DANE, Juan Daniel Oviedo, in a press conference.

The behavior of November, Oviedo pointed out, was explained by the growth in the food and non-alcoholic beverages divisions, of 1.45%, and of 0.93% in restaurants and hotels.

In this line, the products that increased their price the most were tomato (10.17%), potatoes (9.88%) and cassava for home consumption (4.03%), while the greatest falls were in carrots ( -5.10%), fresh fruits (-1.74%) and rice (-1.13%).

The clothing and footwear divisions, and recreation and culture fell 0.63% and 0.50%, respectively.

INFLATION SO FAR THIS YEAR

The director of DANE stressed that the price variation between January and November of this year was 4.86%, an increase of 3.63% compared to the same period last year when it was 1.23%.

“The year-over-year behavior of the total CPI in November 2021 (4.86%) was mainly explained by the year-to-date variation of the Food and non-alcoholic beverages and Accommodation, water, electricity, gas and other fuels divisions,” added DANE .

Meanwhile, in the last twelve months -between December 2019 and November 2020- inflation was 5.26%, a growth compared to the same previous period when it stood at 1.49%.

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