Inflation soars in Colombia: prices accumulated an annual rise of 12.5%, the highest figure since 1999

Inflation is getting worse in Colombia, even despite the increase in the monetary policy rate of the Central Bank. Retail prices had a jump of 0.78% during the month of November, thus accelerating their expansion compared to the 0.72% of the previous month.

The interannual inflation rate rose to 12.53% compared to the same month in 2021, and reached the most drastic rate. . .