Electricity prices in Colombia: Improvement or concern?

He Dane revealed inflation data cut to Mayin which he showed that the division of Accommodation, Water, Electricity, Gas and Other Fuels was the one that participated the most in inflation that the country has had during 2024.

According to the information from the National Administrative Department of Statistics, the accumulated data of 3.78% inflation cut to the fifth month of the year, more than a third has come from this division, being responsible for 1.38 points percentages. For the first five months the variation of the CPI of the split was 4.49%.

When analyzing the Department’s information, it can be seen that in Montería, Pasto and Pereira is where the cost of living in this division has increased the most, with data of 5.25%, 5.19% and 5.16% respectively.

As opposed, Santa Marta, Villavicencio and Riohacha are the cities with the most moderate growth, although they also reflect increases. The Dane reports growth of 1.75%, 2.09% and 2.51% respectively.

Now, when comparing the data for the current year against the same period of 2023 it can be found that the variation compared to the same period in 2022 was 4.60%. This shows that in the first five months of this year there has been a small slowdown in the inflation rate, although the data is still quite similar.

Additionallye, for the period January – May 2023, the Accommodation, Water, Electricity, Gas and Other Fuels division was also the main contributor to inflation.

This shows that despite the efforts of the National Government and the Ministry of Mines and Energy to cool down the cost of living in relation to the particular case of the public electricity service, this still not giving the desired results.

The data for the first five months of the entity show that Only electricity had a variation of 5.18%, that is, above the rate evidenced globally, which was 3.78%. to May.

BRIEFCASE