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Bogotá.-According to figures from Banco de la República, Core Inflation 15 in November 2023 remained at one digit and presented its eighth consecutive deceleration.
In effect, this inflation went from 9.91% in October 2023 to 9.84% one month later, which represented a drop of seven basic points.
However, this percentage is 684 basis points above the Issuer’s own inflation target, which is 3%. And, obviously, it is quite far from the central bank’s target range, which is between 2% and 4%.
It should also be noted that in the ninth month of 2023, Core 15 inflation, in annual terms, was 10.34%; in August, 10.85%; in July, 11.27%; in June, 11.62%; in May, 11.88%; in April, 12.20%; in March, 12.41%; in February, 12.16%; in January, 11.84%.
December 2022, 11.55%; November, 11.09%; October, 10.84%; September, 10.04%; August, 9.41%; July, 8.82%; June, 8.41%; May, 8.02%; in April, 7.67%; in March, 6.93%; in February, 6.45%; in January, 5.55%; in December 2021, 4.42%; in November, 4.17%; in October, 3.69%; and in September, 3.79%.
It should be noted that for the «Core CPI 15», the subclasses that registered the highest price volatility and that represent around 15% of the CPI basket are excluded from the CPI.
On the other hand, it should be noted that the variation of the Consumer Price Index (CPI) without food increased ten basis points in November 2023 to 10.61% from 10.51% in October.
Last September, it is worth mentioning, the annual percentage had been 10.88%; in August, 11.19%; in July, 11.44%; in June, 11.62%; in May, 11.59%; in April, 11.51%; in March, 11.42%; in February, 10.86%; 10.43% in January, 9.99% in December 2022, 9.48% in November, 9.48% in October, 9.15% in October, 8.33% in September, 8.33% in August, 7.83% in August, 7.83% in July, 7.29% in July, 6.84% in June, 6.5% in May, 6.5% in April and 6.5% in May.
