This study follows a novel approach proposed by Angelico et al. (2022) using Twitter to measure inflation perception in Colombia in real time. By applying machine learning techniques, we implement two real-time indicators of inflation perception and show …
OLD Prices, inflation and monetary policy
Below are the contents available on the site related to the query.
- Publicación |Abstract
- Publicación |Abstract
This study follows a novel approach proposed by Angelico et al. (2022) using Twitter to measure inflation perception in Colombia in real time. By applying machine learning techniques, we implement two real-time indicators of inflation perception and show…
- Noticias |
Five Directors voted in favor of this decision, and two voted for a 25 basis-point reduction. In its policy discussion, the Board of Directors considered the following elements:
- Noticias |For September, total headline inflation closed at 11% and core inflation (excluding food and regulated items) at 9.5%. These values are lower than those observed in August yet remain high and well above the target.
- Publicación |Abstract
Based on monthly disaggregated Consumer Price Index (CPI) item series and macroeconomic series, we explore the advantages of forecast inflation from a disaggregated to an aggregated level by aggregating the forecasts. We compare the performance of this approach with the forecast…
- Noticias |In August, headline inflation stood at 0.7%, above that expected by the technical staff and the market analysts (0.5%). Annual headline inflation came in at 11.4% and core inflation (excluding food and regulated items) at 9.9%. Although both inflation measures continued on a downward trajectory,…
- Noticias |In August, headline inflation stood at 0.7%, above the 0.5% expected by the technical staff and market analysts. Headline annual inflation came in at 11.4%, decreasing for the fifth consecutive month, and core inflation (excluding food and regulated items) decreased for the second month, reaching…
- Publicación |
As foreseen in the April Report, inflation began to fall in the second quarter of 2023. It is expected to continue declining in the following quarters and return near the 3% target by the end of 2024.
- Noticias |Annual inflation in June stood at 12.1%, one percentage point below that recorded in December 2022. The decrease in inflation has slowed the pace of inflation expectations. The survey of economic analysts for July showed that, according to the sample median, inflation expectations for the 12- and…
- Noticias |
- Noticias |
Annual inflation in June stood at 12.1%, one percentage point below that recorded in December 2020. Accordingly, progress continues to be made in controlling inflation, which is reflected in improving expectations.
Despite the above, headline inflation remains high…
- Noticias |Annual consumer price inflation decreased in May for the second consecutive month to 12.4%, fronted by a reduction in the annual food price inflation rate from 27.8% in December 2022 to 15.7% in May 2023. In contrast, increases were observed in the inflation of regulated items resulting from…
- Noticias |
Annual inflation in May continued to decrease, primarily driven by the fall in food inflation, despite the rises in inflation rates for regulated items and services (excluding foods and regulated items). Headline (12.4%) and core (10.5%) inflation are still significantly distant from the…
- Publicación |Abstract
We use Long Short Term Memory (LSTM) neural networks, a deep learning technique, to forecast Colombian headline inflation one year ahead through two approaches. The first one uses only information from the target variable, while the second one incorporates additional information from…
- Publicación |1. Macroeconomic Summary
In December, headline inflation (13.1%) and the average of the core inflation measures (10.3%) continued to trend upward, posting higher rates than those estimated by the Central Bank's technical staff and surpassing the market average. Inflation expectations for…
- Noticias |
In its policy discussion, the Board considered the following elements:
- Noticias |
Inflation would peak in March and start to gradually decline as of the second quarter of 2023, bringing inflation back to the 3% target over the next two years.
- Noticias |
In its policy discussion, the Board considered the following elements:
- Noticias |The Board of Directors of Banco de la República unanimously decided to raise the monetary policy interest rate 25 basis points (bp) to 13%.
In their policy discussion, the Board of Directors took the following factors into account:
- Noticias |
In its policy discussion, the Board considered the following elements:
