In his weekly column Cuentas Claras, Mauricio Galindo, economic editor of EL TIEMPO, offers the curious figures around the news that happened in the last 7 days. On this occasion, the countries where inflation reached its highest point and is now beginning to decline, the path that Greece and Venezuela are taking to achieve the economic performance they had before their bankruptcies, and the value of the commemorative coins that they have issued the Bank of the Republic, among others.
(Also read: Dollar: why is its value falling in Colombia and the world?)
Where inflation has already reached its ceiling
Several countries seem to have reached a peak in the price escalation of 2022, and their expansion has been declining. is USA the peak was in June, with 9.1 percent, but by December it had already dropped to 6.5 percent.
In Brazil, the peak was 12.1 percent in April, and in December it was 5.8 percent. South Africa went from a peak of 8.1 percent in July to 7.7 percent in November. With the increase to 13.1 percent in December, inflation in Colombia has not yet reached its ceiling.
The way back from Greece and Venezuela
The crisis in Greece caused its economy to fall for 9 years, since 2008. In Venezuela, the fall was 8 years in a row (2014 to 2021). Greece accumulated a decrease of 27 percent. Venezuelaof 78 percent.
16 years after the beginning of its crisis, and 7 years of a tendency to grow, Greece ended 2022 still 21 percent below 2007. Venezuela is 77 percent below its 2013 production. How many years are left to return to what it was?
Coins to commemorate inflation
The commemorative coins of the Bank of the Republic They give an idea of inflation. The most recent, this year, which commemorates the execution of Policarpa Salavarrieta, is made of 21.8 grams of copper and nickel and is worth 10,000 pesos.
Of the same weight of copper and nickel was the coin of the mother laura, which 7 years ago was worth 5,000 pesos. And in 1973, for the bank’s 50th anniversary, a 19-gram gold coin worth 1,500 pesos came out.
Trust in Neighbors, politicians or scientists
When Colombians are asked how much they trust certain people, rating from 1 to 5, the highest score is for neighbors (3.1 on average), followed by scientists (3).
The lowest is for the unknown (1.3) and then the politicians (1.6). Foreigners get 1.8 and journalists, 2.2. That’s how he finds it Social Pulse survey prepared by the Dane corresponding to November.
Mauricio Galindo
economics editor
On Twitter: @galmau
