CONCEPT / EXAMPLE / CONTEXT

Inflation

A broad and sustained increase in the price level. It is not the rise of one product alone, and changes in a reference basket may differ from changes in your own expenses.

An example to understand it

If a hypothetical basket rises from 100 to 105 in a year, its change is 5%. This is a calculation example, not a current inflation figure.

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Concept references

Banco de la República ↗ · Accessed: 2026-11-03

Definition and example prepared with AI assistance. Hypothetical examples, not current market data. · 2026-11-03