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March Inflation Data Expected At 13.28% Y/y, Unchanged From February

COLOMBIA
  • March Inflation Data Scheduled For 1200BST/0700ET
  • According to the surveyed median estimate, headline inflation is expected unchanged at 13.28% y/y in March, consolidating its uptrend and remaining far above the 3% +/- 1 ppt target. Shocks on tradable goods from the Ukraine war and global supply chain disruptions have started to moderate, but price indexation and accumulated currency depreciation are limiting the inflation relief.
    • March CPI M/m, est. 0.99%, prior 1.66%
    • March CPI Y/y, est. 13.28%, prior 13.28%
    • March CPI Core M/m, prior 1.67%
    • March CPI Core Y/y, prior 10.86%
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