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According to the statistical entity, the Consumer Price Index (CPI) in Colombia was 0.15%, which represents a variation between January and November of this year of 1.23%. Furthermore, the variation of the inflation in Colombia in the last year is 1.49%.
The Dane also explained that one of the reasons why inflation was negative last month has to do with the day without VAT.
“The monthly variation in inflation was negative, 15 basis points negative, in the month of November, that is, 0-15%. Negative inflation impacted by the effect of the day without VAT about clothing, appliances and home products “, Juan Daniel Oviedo, Dane director, detailed in his press conference.
Inflation in Colombia in November 2020
The official also explained that this variation It is lower than that of November 2019, when it registered 0.1%.
By cities, inflation did increase in Neiva, where it registered a positive figure of 0.12% per month.
The Dane also reported that the smallest variations last November occurred in the clothing and footwear divisions (-3.71%) and education (-1.03%).
In what has to do with the annual variation of the CPI, Oviedo explained that in November of this year it was 1.49%.
“The annual behavior of the total CPI in November 2020 (1.49%) was mainly explained by the annual variation of the food and non-alcoholic beverages and accommodation, water, electricity, gas and other fuels divisions,” the official explained.
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