Tag

Higher costs and supply chain challenges are pressuring Colombian flower exports.

In contrast to the year 2021 that ended with inflation of 5.62%, in 2022, historically high annual inflation was recorded for Colombia of 13.12%, that is, 7.5 points higher than the previous year, a peak level that had not been registered since 1999, 23 years ago. The...

Two-thirds of those surveyed for the World Economic Forum’s Chief Economists Outlook expect a global recession in 2023

CPI may yet go higher, obviously not to those seen on the streets of Caracas or Buenos Aires, but only Chile (13.3%) amongst the mainstream Latam economies has higher inflation.

Ocampo added that inflation should have slowed in December & this will allow the central bank to cease the tightening cycle.

Even though Christmas is this coming weekend, the week ahead will feature a number of economic releases.

What we did see from the latest Fedesarrollo survey was the expectation that interest rates will rise to 12% by year end.

Ironically despite the stubborn inflation, the Central Bank at this Friday's meeting will not be increasing rates.

While the president is away at the COP27 summit, inflation hit a 23 year high, which will no doubt affect the coming minimum wage increase.

Last week ended with the Central Bank increasing rates from 10-11%, fully as expected but FinMin Ocampo was part of a unanimous vote of 7-0 despite public comments suggesting rate increases wouldn’t slow supply side inflation. His reply was that he wanted to help the...