Macroeconomy/Finance

0.14% inflation in July

July registered inflation of 0.14% mainly due to the increase of prices in the health (2.43%) and transportation (1.19%) divisions, informed the National Statistics Institute (INE). With such variation, the accumulated rate in seven months reaches 0.92%, and annualized inflation is 1.35%. The rise has moderate behaviour and is in line with the budgets of the Monetary Program that establishes a rate of 3.4% for 2020.

Source: Nueva Economía