This May 8, the National Administrative Department of Statistics, DANE, will reveal the Consumer price Index, IPC; This indicator measures whether the prices of the goods consumed by families in the market go up or down.
In order to project your behavior, The roast chicken index data is presented, which revealed that prices will remain down in April, That is, for the second consecutive month in the year inflation would be moderated.
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In April 2025, the city with the highest cost of roasted chicken was Medellín ($ 42,840), Cartagena ($ 41,260) and Bogotá ($ 41,130); While Cúcuta ($ 40,120), Villavicencio ($ 36,800), Cali ($ 36,700) and Tunja ($ 29,990) recorded the minors averages, which clarifies how the CPI would behave in these capitals.
The index showed that the annual variation between April 2024 and 2025 was reduced 6%; The monthly variation (March and April 2025) presented another decline of -12%, Which means that the prices of a product as common in the market as chicken come in descent, which reveals a panorama in favor of inflation control.
Corficolombiana projected a monthly variation of the CPI of 0.48%, which would allow a deflationary process, since, annual inflation would slow down 4.97%to which he added that the services and foods would be the ones that would contribute to the decrease in inflation, but the groups of goods and regulated would generate upward pressures.
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The organization argued that the CPI in the services segment would be reduced to 6.12% per year. The IPC in food would record a decrease to 4.35% in the same period. The item of goods would have an annual upward trend of 1.10%, the above would be due to an impulse in the increase in vehicle prices, personal hygiene and pharmaceutical products.
As for the IPC of regulated goods, They would be 6.44% annually, growing 14 basic points; This panorama would be given by the increase in electricity and gas rates.
-“Annual inflation without food would follow its downward trend, located in 5.11%while inflation without food or regulated would decelerate 12 basic points, up to 4.72%, ”said César Pabón, director of Economic Research of the company.
“We are projecting an inflation of 0.5% monthly that would allow the annual to drop from 5.09% to 5%. In April because it is a Holy Week period, we hope that food has a relevant contribution and close to March, ”said Jackeline Pirajan, main economist of Scotiabank.
For the economist, accommodations and public services will continue to be the segments that make the greatest contribution to the CPI, noting that public services could register more controlled inflations than those observed in past months. But items as restaurants and hotels would also contribute to inflation because of the seasonality of Holy Week.
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Then he said that if annual inflation falls again, not only in its total metric, but also in which components such as irregulated foods exclude, The Bank of the Republic might consider decreasing interest rates at the June meeting.
“We are waiting for a result of around 0.52% monthly. This is a bit above the consensus of the analysts. We are with that upward bias on behalf of the food theme, which we have seen with upward pressures, ”said Camilo Pérez, research director of Banco de Bogotá.
He also said that as for the housing components there will be a high indexation in the part of the leases, which would also generate upward pressures.
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Contrary to what the previous analysts revealed, Pérez does not visualize more pressures in the public services sector, Noting that what was recorded in sectors such as gas has already been diluted, even, said there could be reductions in that segment of the energy sector.
