LatinNews Daily - 07 June 2021

In brief: Inflation rises in Colombia

* Colombia’s national statistics department (Dane) has released the latest figures for the consumer price index (IPC), which showed a 1% rise in inflation in May compared to the previous month. This compares with -0.32% monthly inflation posted in May 2020. Cumulative inflation in the first five months of 2021 now stands at 3.18%, representing a 1.68 percentage point year-on-year rise compared to the same period in 2020. Price increases were highest in the food & non-alcoholic drinks category (5.37%) and the hospitality sector (0.86%). The impact of Colombia’s ongoing anti-government protests, which have seen roadblocks erected on key transport routes across the country, can also be seen in Dane’s figures. Inflation was highest in the southwest, which continues to be the site of the most intense protests; the city of Popayán (Cauca department) saw the highest regional inflation (4.5%), followed by Florencia (Caquetá; 4.02%), and Cali (Valle del Cauca; 2.77%).

End of preview - This article contains approximately 157 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.