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July CPI Data Kicks Off New Release Time

COLOMBIA
  • Inflation is expected to have risen 9.98% in July from 9.67% in June, according to the Bloomberg survey of estimates. The monthly reading is expected to show a 0.62% advance, from 0.51% a month prior. Core and non-core metrics are poised to increase.
    • Data has previously been announced over the weekend, after market closures, however the data will be released at this new time going forward.
  • It is widely expected that food prices will increase again from the previous month after a 23.69% rise in June, in line with ongoing supply shocks.
  • Regulated inflation likely rose from 9.79% in June, led by fuel prices and utility tariffs. The advance is mainly due to waning subsidies and accumulated peso depreciation.
  • Excluding food prices and government-regulated tariffs, Bloomberg expect an increase to 6.26% from 6.06%. That would be the highest since 2016.
    • 1200BST/0700ET: Colombia July CPI YoY, est. 9.98%, prior 9.67%
    • 1200BST/0700ET: Colombia July CPI MoM, est. 0.62%, prior 0.51%

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