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Colombia

Consumer Prices December 2002

 
Indicator: Consumer Price Index
Source: Departamento Administrativo Nacional de Estadística (DANE)
Release data: 5 December
Period covered: November 2002
Current reading: + 7.07% annual; + 0.78% monthly
Previous reading: + 6.37% annual; + 0.56% monthly
LatinFocus: statistics, chart, forecasts ($)
 

The Numbers in Detail

 

The Departamento Administrativo Nacional de Estadística (DANE) reports that:

The variation in the Consumer Price Index (CPI) for November reached 0.78%, which was 0.12% higher than the rate registered for the same month last year.  In historical terms, the rate can be situated among the highest for a month in the last ten years.

The October 2002 variation can be explained principally by higher food, transport/communications and housing costs.

Between January and November of 2002 the accumulated variation reached 6.71%, which is below the 7.28% registered in November last year.

Variation by Type of Spending

By type of spending the change in prices for the month was the following:

Above the average were:

%

Food  1.46
Transport and Communications 0.91
Below the average were:  
Health 0.75
Other Spending 0.56
Housing 0.37
Clothing 0.15
Entertainment 0.07
Education 0.02


 

Forecasts: This indicator is covered in the LatinFocus Consensus Forecast.  For 5-year projections, including quarterly forecasts for the next two years, please click here

 

 

 

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