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Although June presented good news to Colombians in terms of the cost of living, by continuing to drop and completing three consecutive months of decline to stand at over 12.13 percent per year, its variation is still maintained at 2.5 percentage points per above last year's record (9.67 percent) and 9.13 points further from the Banco de la República goal. AND Although there are factors that are already beginning to push the variation in the cost of living of Colombians down with greater force, there are also other market forces that prevent this decrease from occurring as quickly as possible.…

National Administrative Department of Statistics (Dane), recently pointed out that in June the annual inflation stood at 12.13%, compared to 12.36% in May of this year, therefore, the behavior of inflation in June had a decrease.“In June 2023, the monthly variation of the CPI was 0.30%, the variation for the year to date was 6.15% and the annual variation was 12.13%.the Dane said in a press release. Given this news, Piedad Urdinola, Director of Dane, spoke with Radio Colombia Today. In front of the microphones, they are sure that money will yield more to Colombians due to the fall in…

Filling up the gas tank is routine for many vehicle owners, however, there are details that are good to know for better performance and better economy.Aside from the prices, do you know how adequate the different types of gasoline are? Do you know what you get when you choose between regular and extra gas? Which one should you choose for your vehicle?There are two kinds of gasoline: regular gasoline, which has an octane rating of less than 87 and is the most widely used; and there is the extra known in other countries as Premium with an octane rating of…

On June 14, the National Government presented the Medium Term Fiscal Framework (MFMP)which is a document in which the macroeconomic and fiscal projections for 2023 are presented. For the Autonomous Committee of the Fiscal Rule (Carf) this document was built with macroeconomic assumptions that, in general, it considers realistic and consistent with what analysts and markets expect.(Also read: The labor reform project that Colombia needs, according to Fenalco) There will be a deterioration of both the fiscal deficit and the net debt of the Government It also highlights that the MFMP foresees that by 2024 there will be a deterioration…