Juan Daniel Oviedo, director of the National Administrative Statistics Service, revealed that the annual variance of the Consumer Price Index (CPI) was 4.51% during the month of September. The explanation for this behavior, according to Dane, is associated with a 5.37% monthly increase in the prices of food and non-alcoholic beverages.
What is worrying about these behaviors is that the family economy is directly affected as the increase in prices makes those who have money buy less and in the case of weak and poor families it opens up a larger gap which can raise income and poverty levels.
Oviedo indicated that the monthly result for the month of September coincides with the expectations of market analysts who expected a result between 0% and 0.45%. Food outside the home, water and electricity increased inflation While 12 basic points were raised in registrations and admission to technical, technological and university professions.
in September, Price hikes have been recorded In the subcategories, bananas (9.00%), cassava for home consumption (5.04%) and coffee and coffee-based products (4.81%).
In an interview with Portafolio, Carlos Sepulveda, Dean of Economics at the Universidad del Rosario, explained that such behavior, “a general increase in prices affects consumption (demand). It also puts pressure on poverty indicators (basic food baskets are more expensive and additional households cannot access). to her) “.
The largest decreases in prices were reported in the subcategories of white (-5.85%), orange (-3.72%) and rice (-3.60%). The Education department recorded a monthly variance of -2.30%, which is the lowest monthly variance.
Moreover, partition Food and non-alcoholic beverages recorded a year-to-date variance of 12.21%, which is the highest variation of the year to date. What is more, The highest price increases were recorded in the sub-categories of potatoes, edible oils and carrots.
On the other hand, the largest drop in prices was reported in Subcategories of arracacha, potatoes and other tubers, onions and rice. The restaurants and hotels division recorded a year-to-date variance of 6.15%, the second highest year-to-date variance. Annual behavior of the consumer price index (4.51%) This was explained primarily by annual variation in the food, non-alcoholic, accommodation, water, electric, gas and other fuels divisions.
The highest price increases for sub-category meals were recorded in table services and self-service establishments (8.33%) hot drinks (7.53%) and meals prepared outside the home for immediate consumption (6.44%).
In this sense, The largest decrease in prices was recorded in the subcategory of accommodation services in hotels, pensions, hostels, hostels and motels (-3.93%). The Information and Communications Department recorded an annual variance of -5.95%, which is the lowest annual variance. Also, in the ninth month, the lowest price increases were recorded in the subcategories of mobile equipment, similar equipment and repair (-13.83%), fixed and mobile communication services and Internet provision (-5.36%).
By region, the highest inflation occurred in Cúcuta (0.79%), while Ibagué recorded the lowest (-0.04%). For the Director of Denmark, the rise in food prices is necessarily linked to the movements of the national strike: “Within food and non-alcoholic beverages, eggs as a result of the national strike have been generating positive monthly inflation for several months, however, in September, they contributed negative five basis points along with rice by three basis points.”