Economy

With inflation of 13.12 percent at the end of 2022 -the highest in the last 23 years- not everything is bad. You can also take advantage of this situation by making investments with some extra money that you can obtain.This is thanks to the fact that the Banco de la República also begins to increase your interest rates to the extent that inflation begins to rise in the country, in order to discourage family consumption.(Also read: Colombia closed 2022 with the third highest explosion in Latin America) "That would cause the economy to slow down and inflation would also start…

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Remittances to their families from workers living abroad may have come very close to a record $10 billion. Until November they were at US$ 8,580 million, with a growth of 10.5%.However, for those who receive these resources, when converted into pesos, the average growth during the year was, until November, of 24.8% by work and grace of the harsh devaluation.(Also read: These are the countries where the change in Colombian pesos yields the most in 2023) The largest businesses in the hemisphereColombia was in four of the 20 largest recent businesses in Latin America, according to the information available for…

The cost of living in Colombia is unstoppable. Except for the slight decrease (0.16 percentage points) registered in May 2022 in the annual variation, inflation would complete 21 months of risingstanding at 13.12 percent at the end of 2022, the highest in the last 23 years.The data exceeded the estimates of the Bank of the Republic (12.3 percent), market analysts (12.64 percent) and the Ministry of Finance (12.2 percent), which was confident that prices would begin to fall in December, but this did not happen.(Also read: This is how you can take advantage of record inflation and high interest rates)…