Departamento de Programación e Inflación
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- Publicación |The information available up to the third quarter of 2013 shows a global economy that is recovering slowly. The United States economy is growing at a moderate pace and the economy in the euro zone, although weak, shows some signs of improvement. Growth is mixed in the large emerging countries in…
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External demand during the first half of 2013 was somewhat weaker than expected. In the United States, our largest trading partner, the increase in private spending is being offset partly by fiscal consolidation, which has led to a slight decline in the forecast for that country’s growth. The…
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Global economy continued to recover in the fourth quarter of 2013, thanks to the added momentum in the developed economies, especially the United States. In the euro area, the economic indicators pointed to low, but positive economic growth. Growth in the major emerging countries of Asia and…
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At the end of 2012 annual inflation stood at 2.4%, lower than the long-term target (3%) and within the year’s target range (2%-4%) (Graph A). Fourth-quarter inflation results were lower than average market expectations and also below the rates expected by Banco de la República’s technical staff…
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In September 2012 annual change in the consumer price index (CPI), core inflation measures, expectations at different horizons and inflation forecast for December stood around the mid-point of the target range (3%). At the end of the third quarter annual inflation stood at 3.08%, down by 12…
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In June 2012 annual inflation stood at 3.2%, down by 20 basis points (bp) from the figure of March, resuming its downtrend after remaining relatively stable in April and May. From March to June, year-on-year change in the consumer price index (CPI) for food fell from 4.6% to 4.2%, accounting…
