• 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 3,666.85 +1.43% +COP 51.83Reference: TRM crossed with the European Central Bank rate of Nov 10; not the market quote
  • Mexican pesoCOP 176.24 +1.81% +COP 3.13Reference: TRM crossed with the European Central Bank rate of Nov 10; not the market quote

Medellín posts third straight month of annual inflation above 7%: 7.11% in October

FinanceColombiaBlu RadioAI summary
Image: Blu Radio

According to DANE, annual inflation in Medellín reached 7.11% in October, above the national average of 6.30%. The city completed three consecutive months above 7% (7.07% in August and 7.04% in September). Housing, water, electricity, gas and fuels account for 34% of local inflation, while food and non-alcoholic beverages add another 29%. In October prices rose 0.22% in the city, versus 0.20% nationally.

In 30 seconds

  • Medellín recorded 7.11% annual inflation in October, versus 6.30% nationally, according to DANE.
  • The city has spent three consecutive months above 7%: 7.07% in August and 7.04% in September.
  • Housing and utilities account for 34% of local inflation; food and non-alcoholic beverages, 29%.
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IASummary generated by artificial intelligence from a story by Blu Radio. It may contain errors: the original source prevails.

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