• TRM (USD/COP)COP 3,297.07 +0.83% +COP 27.19Colombia's official exchange rate (Financial Superintendence), valid Nov 11 to Nov 12
  • EuroCOP 3,668.67 +0.05% +COP 1.82Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote
  • Mexican pesoCOP 176.70 +0.26% +COP 0.46Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote

Christmas budgeting in inflationary times: plan from January and avoid debt

FinanceColombiaDiario del SurAI summary
Image: Diario del Sur

With inflation in Colombia at 6.2% in September, according to DANE, and a projection of 6.9% by year-end from Aval Casa de Bolsa, families must adjust their year-end spending. Economist Juan Carlos Higueras recommends building the Christmas budget starting from January, including food, travel and entertainment in addition to gifts, and prioritizing cash over installment purchases to protect savings and the emergency fund.

In 30 seconds

  • DANE reported 6.2% inflation in September and Aval Casa de Bolsa projects 6.9% by year-end.
  • Higueras advises building the Christmas budget starting from January rather than December.
  • The budget should cover food, dinners, travel and entertainment, not just gifts.
Read the full story at Diario del Sur

IASummary generated by artificial intelligence from a story by Diario del Sur. It may contain errors: the original source prevails.

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