In December, monthly inflation rose to 1.26% and annual inflation reached 13.12%, accelerating by 59 bps from the previous month's figure and again exceeding market analysts' expectations of 12.64% (according to Banco de la República's survey of analysts' expectations).
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As part of the package against inflation and famine (PACIC) implemented by the federal government to contain inflationary pressures, the removal of tariffs on various food products for one year was announced.
To learn more about the effect of economic conditions on civil war, we examine whether Sub-Saharan civil wars are more likely to start following downturns in the international price of countries’ main export commodities.