Laura Katherine Peña Cardozo
Laura Katherine is an economist at BBVA Research for Colombia. She supports economic analysis by means of structural trends analysis for the most crucial economic variables of the country.Laura received her bachelor’s degree in Economics from Universidad Nacional de Colombia. She has experience as Investment Analyst and has performed duties related to economic and financial analysis.
Inflation in April was 1.25% on a monthly basis and 9.23% on an annual basis, making it the highest in the last two decades. Market analysts were surprised by the result, which was not only above the estimated average, but also above the maximum of the range of expectations recorded in the BanRep survey.
The headlines about high inflation in recent months reflect a scenario not experienced in the last five years in Colombia and in several decades globally, so it will continue to be a central issue for much of the year. At BBVA Research, we expect an annual variation in inflation of 8.9% in April.
March monthly inflation was 1.0%, more than double its historical average (0.41% average between 2011-2019) and annual inflation was 8.53%, placing it above analysts' expectations (0.90% monthly according to the BanRep survey) and BBVA Research's projection (0.84%).