After the Dane presented this Saturday the Consumer Price Index report, which in its annual variation in February reached 13.28%, President Gustavo Petro stated that the slowdown in inflation has begun.
(Annual variation of inflation reached 13.28% in February).
“The inflation ceiling has been reached in January and the slowdown has begun. It is highly important that food is no longer what marks inflation. A further decrease in the price increase is possible for the coming month”, wrote the president on his Twitter account, after the CPI figures were known.
The inflation ceiling was reached in January and the slowdown has begun.
It is highly important that food is no longer what marks inflation. A further decrease in the price increase is possible for the coming month. https://t.co/F1m19u868q
— Gustavo Petro (@petrogustavo) March 4, 2023
Minutes before Dane’s report, also from his Twitter account, President Petro referred to the behavior of prices and stated that the drop in producer prices would have to be transferred to consumer prices or else they would be occurring. speculation phenomena “what needs to be controlled”
(Price speculation?: This is what Petro said about food costs).
The annual variation of inflation as of February 2023 is 5.27 percentage points higher than that reported in the same period of the previous year, when it was 8.01%. Last January, the figure was 13.25%.
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