Colombian household spending fell during May and stood at $80.7 billion

Colombian household spending fell during May and stood at $80.7 billion
Colombian household spending fell during May and stood at $80.7 billion
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In addition, it was specified that credit placement, adding that caused by credit card, consumption – free use and mortgage, had an annual growth of 16.3%mainly due to the dynamics in mortgage credit placement compared to last year (77.1%).

The firm recalled how in the fifth month the inflation stabilized, marking a pause in the face of the path of deceleration that it had brought.

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This, he continued, was explained by the strong upward pressure of some perishable foods such as potatoes, bananas and certain vegetables.which could indicate that some adverse effects of the El Niño phenomenon still persist.

“In addition, processed foods also experienced pressure, especially in products such as chocolate, due to impacts on international supply given the effects of high temperatures,” he added.

In May, Spending increased the most on household food, with 2.83%as well as in electronic articles, entertainment or education.

In contrast, there was a reduction in the categories of well-being, housing and transportation and communications.

 
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