This Friday, the National Administrative Department of Statistics (Dane) released the information of March inflation of this year, which was in 7.36%.
With this figure, The consumer price index in the country completed a streak of 12 consecutive months with a downward trendsomething that has been highlighted by different economic sectors and the National Government itself.
(We recommend: The sectors that 'pushed' the most to bring inflation down to 7.36%).
“We have that the decrease in inflation in the last 12 months is equivalent to 598 points, compared to the highest month of inflation we had, which was March of last year. A trend of reducing inflation is consolidated, which today leaves us with a real intervention rate of 489 points. This means that the Bank of the Republic has to continue lowering rates and that it can perfectly accelerate the decline. It is no longer useful for us to drop 25 or 50 points“, He said Minister of Finance and Public Credit, Ricardo Bonilla.
(Also: Annual inflation as of March 2024 was 7.36%, as reported by Dane this Friday).
Inflation
And, as the portfolio manager said, The fall in inflation may open the door for the Bank of the Republic to accelerate the reduction of the monetary policy interest ratesomething that the country's economic and business fabric has requested as a result of these results, as they assure that this figure continues to be high (11.25%).
(You can read: Reactions to the inflation data for the month of March presented by Dane).
But, How have inflation been month by month since the last increase in this figure? Below, we show you each monthly data recorded by the Issuer:
– March 2023: 13.34%.
– April 2023: 12.82%
– May 2023: 12.36%
– June 2023: 12.13%
– July 2023: 11.78%
– August 2023: 11.43%
– September 2023: 10.99%
– October 2023: 10.48%
– November 2023: 10.15%
– December 2023: 9.28%
– January 2024: 8.35%
– February 2024: 7.74%
– March 2024: 7.36%
BRIEFCASE
