• TRM (USD/COP)COP 3,269.88 +0.99% +COP 32.05Colombia's official exchange rate (Financial Superintendence), valid Nov 10 to Nov 10
  • EuroCOP 3,659.96 +1.24% +COP 44.94Reference: TRM crossed with the European Central Bank rate of Nov 9; not the market quote
  • Mexican pesoCOP 175.67 +1.48% +COP 2.56Reference: TRM crossed with the European Central Bank rate of Nov 9; not the market quote

Colombia's inflation eases in October, but food prices accelerate

FinanceColombiaEl EspectadorAI summary
Image: El Espectador

Annual inflation in Colombia eased slightly in October, but the 6.3% CPI still doubles the Banco de la República's target (3%, with a range of 2% to 4%). Food accelerated: its annual variation rose from 6.74% in September to 7.31%, and its contribution to the CPI went from 1.28% to 1.38%. Among the subclasses with the largest increases were potatoes (98%), tubers such as arracacha and yam (65.34%), tomatoes (44.03%) and beef (13.31%).

In 35 seconds

  • Annual CPI stood at 6.3%, above the Banco de la República's 2% to 4% target range.
  • Food accelerated its annual variation from 6.74% in September to 7.31% in October.
  • Potatoes (98%), arracacha and yam (65.34%) and tomatoes (44.03%) led annual increases among subclasses.
Read the full story at El Espectador

IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.

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