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Colombia’s 12-month Inflation is expected to continue decreasing in September, despite the disruptions caused by a recent truckers’ strike, as per a Reuters poll on Wednesday. Analysts predict that Inflation will reach 5.83% in September, lower than the previous month’s 6.12%, but still higher than the Central bank‘s target of 3%.
If the forecasts hold true, Consumer prices are expected to rise by 0.26% in September, with expectations ranging from 0.17% to 0.38%. The impact of the truckers’ strike on food prices is said to be diminishing, with the education sector contributing to Inflation as the school calendar resumes.
The recent rate cuts by the Central bank have been a response to the significant slowdown in Inflation, with the rate being reduced by 275 basis points since December 2023. The most recent rate cut of 50 basis points brought the rate to 10.25%.
Expectations for Inflation by the end of 2024 remain stable at 5.6%, while projections for the end of 2025 have decreased slightly to 3.70%.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
