Reflación: un nuevo riesgo que se asoma tras los datos de inflación de octubre

TL;DR

Inflation rose in October, with the consumer price index increasing by 0.18% monthly and annual inflation reaching 5.51%.
The disinflationary process has stalled, and the cost of living is proving resistant to falling.
Reflation is described as pressure on prices due to increased public spending or money circulation, aimed at reactivating the economy.
Analysts suggest Colombia may be walking the same edge as Brazil, where rates had to be raised due to premature lowering before inflation consolidated.
Increased demand, particularly from government spending and family consumption, is outpacing supply.
Inflation without food or regulated items, a key metric for the Banco de la República, increased to 4.99%.
The inflation rate is expected to close the year above 5%, remaining outside the Banco de la República's target range.
The fiscal deficit is projected to be between 7.1% and 7.5% of GDP, with public debt around 65%.
The Banco de la República's intervention rate is seen as the only effective anchor against inflation.
Interest rates are expected to remain stable until inflation converges towards 3%, with a possibility of an increase if pressures do not subside.

Continuar leyendo el artículo original