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Inflation

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Inflation is the continued growth and general price of goods and services and productive factors in an economy over time.

Other definitions explain how the persistent upward movement in the general level of prices and declining purchasing power of money.

Inflation in February stood at

In February, consumer price index grew by 0.60%, 0.23 percentage points higher than in the same month of 2010 when it reached 0.83%. This was announced on Saturday the National Statistics Department (DANE)

The increases have been generated by different factors, but principally by the late winter of last year and the rainy season began in mid-February to register this year, and could be extended until June.

The increases occurred despite the adjustment of gasoline prices took effect in March.

Between March 2010 and February 2011, ie the last twelve months, the IPC showed a variation of 3.17%. The groups of goods and services that further increase occurred in the first month of the year were education (4.17%), food (0.66%) and health (0.60%). By contrast, those who had less variation in the month of January were fun (-0.14), apparel (-0.10%) and communications (0.04%).