This Tuesday the National Department for Administrative Statistics (Dane) announced the figure. Consumer Price Index (CPI) It will form the basis for the increase in the cost of products throughout 2023 family basket and lease in 2024.
(
Knowing that the current legal monthly minimum wage in Colombia increased by 12 percent this year and remained at a total level of 1 million 300 thousand dollars without transportation support, Colombians are waiting for CPI data that will directly affect their pockets.
Thus, this figure calculated according to the results of 2023 will form the basis for the increase. cost of living in the country.
The products that will increase in the family basket (more than 400 items) are divided into twelve groups:
– Food and non-alcoholic beverages.
– Alcoholic beverages and tobacco.
– Clothing and shoes.
– Accommodation, water, electricity, gas and other fuels.
– Furniture, household goods and ordinary household maintenance.
– Health.
– Transport.
– Information and communication.
– Recreation and culture.
– Education.
– Restaurants and hotels.
– Various goods and services.
(Continue reading: CPI in Colombia: These are products that will not increase with inflation in 2024).
The Danish is the official body responsible for announcing the relevant CPI figure. The last figure announced by Dane regarding inflation was 10.15 percent, corresponding to November 2023, and was taken into account in the minimum wage increase.
“Total inflation will finish 2023 in single digits and at its lowest level since the first half of 2022however, it is well above the monetary policy target range (2%-4%). It is worth remembering that there are items with the relevant weight in the CPI, which will be indexed to the December annual inflation data. “There is still a long way to go to normalize inflation in Colombia,” he said. Republic Julio Romero is chief economist of economic research at Corficolombiana.
(More: Colombia 2024 Property Tax: batteries, this will be the increase in cadastral assessments).
CPI is a measure of the change (change) in prices of goods and services representative of the country. household consumption in the country According to Danish, it is known as basket.
Therefore, it basically serves the following purposes: To measure price changes of the goods and services that make up the basket, as well as inflation periods; Comparing the Colombian economy with that of other countries; and understand and project the development of the country’s economic situation.
Dane visits different distribution channels in 38 provinces of the country, where citizens go to buy different products and services, and records the prices of more than 400 products in the basket for months. In this way, the business records price changes (increase or decrease) and calculates the change between one period and the next.
annual behavior 2022 CPI was 13.12 percentAccording to data from Denmark, this was mainly explained by the annual change of the ‘Food and non-alcoholic beverages’ sections with a change of 27.81 percent and the ‘Restaurants and hotels’ sections with a change of 18.54 percent.
By December 2022, The biggest price increases were recorded in September
subclasses arracacha, sweet potato and other tubers (109.84%), onion (106.81%) and cassava for home consumption (88.08%).
referred to The section with the lowest annual change, was ‘Information and communication’ with 0.25 percent. “The largest price increase in December 2022 was recorded in the mobile phone equipment, similar and repair subclass (3.77%). Fixed and mobile communication services and internet supply did not show an annual change,” the organization said in the report. The statement was included.
According to what was reported by Inflation in Colombia closed 2023 at 9.28 percent, according to the National Administrative Statistics Office (Dane).
This figure was below the Ministry of Finance’s recent forecast of 9.5 percent at the end of the year. Meanwhile, market analysts expected an average of 9.49 percent.
Nataly Barrera
LATEST NEWS FROM THE EDITOR
Source: Exame
