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Medellín tops 7% annual inflation for a third consecutive month

FinanceColombiaEl ColombianoAI summary
Image: El Colombiano

Medellín completed three consecutive months with annual inflation above 7% as of October, according to Dane: it went from 7.07% in August to 7.04% in September and 7.11% in October, above the national 6.30%. The city's monthly CPI variation was 0.22%, versus 0.20% nationwide. Recreation and culture (0.69%) and housing, water, electricity and gas (0.52%) led the increases; alcoholic beverages and tobacco (-0.31%) and restaurants and hotels (-0.10%) posted the largest declines.

In 35 seconds

  • Medellín's annual inflation was 7.11% in October, after 7.07% in August and 7.04% in September.
  • The city's indicator remains above the national rate, which closed October at 6.30%.
  • Recreation and culture (0.69%) and housing and utilities (0.52%) drove the 0.22% monthly rise.
Read the full story at El Colombiano

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

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