Annual inflation in October was 12.2 %: DANE

The National Administrative Department of Statistics (DANE) released the inflation figure for the month of October with 12.22%.

For this month of October, the highest price variations were recorded in food and non-alcoholic beverages, which for October 2021 was negative, -0.06%; in October 2022 the variation was 26.17 times higher than this figure.

Likewise, the second branch that grew the most was the purchase of air and land tickets. Likewise, the purchase of vehicles also grew significantly.

It is worth noting that an annual variation of this magnitude in inflation had not been recorded since 1999. The highest figure was recorded in March of this year when inflation reached 13.51%.

After the information provided by the National Administrative Department of Statistics, reactions to the inflationary component that the country is experiencing began. For example, the House Representative for the Democratic Center, Margarita Restrepo, stated that inflation is one of the highest in the last twenty years.

Finally, the Minister of Finance, José Antonio Ocampo, stated that the commitment of the national government is to be able to have a responsible macroeconomic policy that curbs inflation.

Source: Actualícese.

Inflación anual en octubre fue de 12,2 %: Dane