inflation in march reached 8.53% in its annual variation, and during the third month of the year the Consumer Price Index (CPI) registered a variation of 1.00%. However, according to the report delivered last night by the National Administrative Department of Statistics (Dane), prices throughout the country presented different behaviors in that month.
(In context: Inflation in March reached 8.53%, the highest since July 2016).
From a geographical perspective for the main urban domains, in March Medellín registered the highest monthly inflation in March, with a result of 1.45%, while the lowest was in Bogotá was 0.76%below the national average.
“In Medellin, the supply of water and sewerage, which at a general level makes a very important contribution in terms of the behavior of inflation and are contributing 6 basis points to monthly inflation, in Medellin contributed 25 basis points. The pressure of public services led to a much stronger inflationary pressure”, explained the director of Dane, Juan Daniel Oviedo.
On the contrary, in Bogotá, in March it was explained that while at the national level meals outside the home, or the corrientazo, contributed 10 basis points to inflation national, in the capital it was only 8 basic points.
(Besides: Producer costs rose 32.8% compared to a year ago).
In the same way, according to Oviedo, household cleaning products presented lower inflation compared to the national total. And even, in public services such as gas, which in the national total saw a negative contribution of 2 basic points to monthly national inflation, in Bogotá the contribution was 7 negative basic points, associated with rate reductions.
Other cities that registered a significant rise in their prices in March, as is the case of Valledupar, which had a monthly inflation of 1.35%, Cúcuta (1.34%) and Neiva (1.25%). On the other hand, among the lowest inflations in March are Pereira (0.77%), Sincelejo (0.89%) and Manizales (0.91%).
When reviewing the annual result, Santa Marta is the city that has seen its prices increase the most when compared to March 2021, with 12.63% inflation, followed by Cúcuta (11.89%) and Florencia (10.96%), while Bogotá has, for on the contrary, a rise of only 7.34% in relation to the same month last year. Other cities with annual inflation below the national average are Sincelejo (8.26%), Medellín (8.32%) and Cartagena (8.40%).
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