CPI latest publications
Growth has continued its downward trend in Q4 2021. China’s unsynchronized business cycle and inflation cycle call for an unsynchronized policy cycle.
The Board of the Central Bank decided to increase the monetary policy rate from 2,50% to 3,00% in January. The Bank changed the forward guidance component, signaling further hikes.
Inflation in December maintained its upward trend and again surprised on the upside with a monthly variation of 0.73%, closing the year at 5.62%. Inflation without food had a monthly variation of 0.44% and was 3.44% in annual terms, 8 basis points higher than in November.
The Consumer Price Index of Lima registered a variation of 0.78% MoM in December. This is mainly a result of higher household fuel prices and the seasonal increase in the price of meat and transportation.
Inflation in November had a monthly variation of 0.50% and reached 5.26% in annual terms. Food for home consumption was once again a protagonist in the month's result, with a monthly variation of 1.45%.
The pension system reforms carried out up to now, and the latest proposals we are learning of, take us further away, rather than closer to, what other European countries have gradually done—and continue to do—to ensure the sustainability of their public pension schemes.
November 8, 2021
Colombia | No-VAT day in October gives temporary relief to inflation: stood at 4.58%
Inflation in October had a monthly variation of 0.01% and stood at 4.58% YoY. The fall in the price of goods benefiting from the VAT-free day policy offset the price increases observed in the rest of the basket, mainly in food and related items.
The Consumer Price Index for the city of Lima registered a variation of 0.58% m / m in October (Bloomberg consensus: + 0.21%). The October result is mainly explained by the increase in the price of fuels, electricity rates and the price of foodstuffs.