Colombia Inflation Seen Rising to 6.33% in September, Analysts Say
Colombia inflation is forecast to rise to 6.33% in September from 6.24% in August, analysts say. DANE publishes the official figure on 7 October. The post Colombia Inflation Seen Rising to 6.33% in September, Analysts Say appeared first on The Rio Times .
Colombian inflation is projected to reach 6.33% in September, according to analysts surveyed by Citi. This marks a second consecutive rise in the annual rate, following 6.24% in August. The projected figure, if confirmed by the official data released by the national statistics agency DANE on October 7, would be 1.15 percentage points higher than September of the previous year, when inflation stood at 5.18%.
The spread between the most and least optimistic forecasters is narrow, with Bancolombes and Itau predicting 6.43% each, and Acciones & Valores forecasting 6.42%. At the low end, the think tank Anif predicts 6.26%, while Banco Agrario and Corficolombiana estimate 6.23%. A second poll by the central bank's economists also forecasts a median of 6.33% for September.
Education and food prices are expected to be key drivers this month, with tuition fees adjusting at schools on the so-called calendar B academic year. Analysts also point to rents indexed to past inflation and early pressure on energy and gas prices, possibly linked to the El Niño weather pattern.
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