• TRM (USD/COP)COP 3,237.83 +0.30% +COP 9.57Colombia's official exchange rate (Financial Superintendence), valid Nov 7 to Nov 9
  • EuroCOP 3,615.02 +0.30% +COP 10.68Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote
  • Mexican pesoCOP 173.11 +0.30% +COP 0.51Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote

Colombia's inflation falls to 4.8% in October, a four-year low

FinanceColombiaDiario del SurAI summary
Image: Diario del Sur

DANE reported that Colombia's annual inflation stood at 4.8% in October, its most moderate reading since late 2021. The slowdown was driven by the food and non-alcoholic beverages division, with negative variations in staples such as potatoes, vegetables, plantains and eggs, plus stability in residential electricity and natural gas rates. Analysts and banking authorities said this disinflationary consolidation gives the Banco de la República's board room to continue cutting rates.

In 30 seconds

  • Colombia's annual inflation fell to 4.8% in October, the lowest in four years.
  • Food and non-alcoholic beverages posted negative variations in potatoes, vegetables, plantains and eggs.
  • Residential electricity and natural gas rates remained stable.
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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