The National Administrative Department of Statistics (Dane) revealed on Saturday, November 5, the results of the Consumer Price Index (CPI) with a cut in October, which showed an annual variation of 12.22% and a monthly variation of 0.72% in the cost of living.
The CPI is the indicator that reflects the variation in the prices of the products and services that make up the basic family basket. What does it mean that the CPI increases? It means that Colombians’ money is enough to buy fewer things.
(What is true and false about inflation in Colombia).
According to the statistical entity, annual inflation for poor households was 14.10%; for the vulnerable, 13.92%, middle class, 12.40%, and high income, 10.57%.
The annual behavior of the total CPI in October 2022 (12.22%) was mainly explained by the annual variation of the divisions Food and non-alcoholic beverages and Accommodation, water, electricity, gas and other fuels.
(Inflation and high costs, the main challenges of the flower sector).
The Food and non-alcoholic beverages division registered an annual variation of 27.02%.
The largest price increases were recorded in the cassava subclasses for home consumption (116.27%), onion (97.55%) and arracacha, yams and other tubers (96.23%).
The cities where prices rose the most in October
Between September and October, the city that became more expensive was Sincelejo (2.16%), followed by Cúcuta (1.14%), Valledupar (0.87%), Montería and Pasto (0.84%).
According to Dane, in Sincelejo, the subdivisions that increased the most were urban transport (27.07%), cheese and related products (10.54%) and rice (2.81%).
(Dollar: increases would no longer be due to external factors, according to experts).
For its part, the capital of Norte de Santander led the category of food and non-alcoholic beverages with 2.22%, thus being the city in which food prices increased the most in October.
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