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Annual inflation in Colombia reaches 10.21% in July, highest in 22 years

Oviedo pointed out that the inflation registered in the seventh month of the year was 0.81%, five times higher than the historical average expected for a normal month of July.

The annual change in the CPI in July was 6.24 percentage points higher than in the same period last year when it was 3.97%, the agency’s statement said.

Annual inflation in Colombia reaches 10.21% in July, highest in 22 years. (Photo internet reproduction)
Annual inflation in Colombia reaches 10.21% in July, highest in 22 years. (Photo internet reproduction)

Clothing, footwear, food, and non-alcoholic beverages showed the largest changes, with increases of 3.6% and 1.17%, respectively.

The biggest price increases were recorded in the subclasses of sugar and other sweeteners (6%), onions (5.51%), and fried foods: chips, chitos, maizitos, patacones, besitos, etc. (5.18%) were recorded.

The largest price decreases were reported for the tomato (-17.31%), potato (-7.57%) and carrot (-4.84%) subclasses.

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