Consumer and
producer price indices
Annual inflation in March 2001, was
7.8%, 1.9 percentage points lower than the one registered in 2000. In the first quarter of
2001, the inflation rate was 4.5%, which compared with the first quarter of 2000, was 0.9
percentage points lower. The main sectors that explains the Consumer Price Index, CPI's
annual growth were transportation (15.2%), food (7.1%), housing (4.2%), and other
expenditures (9.3%), which together amounted to 81.1% of the CPI total variation. On the
other hand the Producer Price Index, PPI, presented an annual increase of 10.9%, 2.8
percentage points lower than the one observed the year before. This growth is mainly
explained by the price increase in the manufacturing sector (12.4%), which was 86.6% of
the PPI's total variation. The prices of agricultural goods grew by 4.2% in the year and
mining prices grew by 27.0%. By origin, imported goods grew by 12.5% while domestic goods
by 10.4%. By economic use and allocation, the goods highest price increases were in
construction materials 14.4%, raw materials (12.4%), capital goods 10.2%, and final goods
8.8%.
CONSUMER AND
PRODUCER PRICES INDEX %
|
PRICE INCREMENT
Annual variation %
| END OF PERIOD |
CPI |
PPI |
END OF PERIOD |
CPI |
PPI |
| 1986 |
20.95 |
24.38 |
1994 |
22.60 |
20.73 |
| 1987 |
24.02 |
25.17 |
1995 |
19.47 |
15.43 |
| 1988 |
28.12 |
29.52 |
1996 |
21.64 |
14.54 |
| 1989 |
26.12 |
25.62 |
1997 |
17.68 |
17.49 |
| 1990 |
32.37 |
29.90 |
1998 |
16.70 |
13.50 |
| 1991 |
26.82 |
23.06 |
1999 |
9.23 |
12.71 |
| 1992 |
25.14 |
17.88 |
2000 |
8.75 |
11.04 |
| 1993 |
22.61 |
13.19 |
2001* |
7.82 |
10.93 |
|
*: Up to March.
Source: CPI. National Administrative Department of Statistics
(DANE).
PPI. Banco de la República - Economic Studies. |
