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The end of a sales-tax holiday for cars will boost inflation, too.
Whether this will boost inflation to the central bank's target of 2% by the spring of next year remains uncertain: it is barely halfway there.
This may ease shortages but will boost inflation, which reached an annual rate of 34% in July.Supporters of Álvaro Uribe, Colombia's president, delivered to the electoral authority more than 5m signatures calling for a referendum on changing the constitution to allow him to stand for a third consecutive term.
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That, in turn, will boost current inflation.
The weaker currency will push up import costs and boost inflation which is already close to the top of the target range of 3%-6 3%-6%
Most City of London analysts believe the fall in prices will boost households' after-inflation disposable incomes and help boost GDP growth.
Some worry that the Fed's easing will boost global liquidity and inflation.
The 4.3percentt pay increase, more than double Germany's inflation rate, will boost worker buying power in the euro zone's richest nation and lift consumption - something the United States long has urged as a means to bolster overall growth throughout the world's second largest economic region.
The Federal Reserve, whose enemy these days is deflation, has more openly cheered on the greenback's decline, on the theory that it will boost import prices and thus ensure inflation.
The euro zone's version of QE will boost the economy and combat downward pressures on inflation through two main channels.
Lower inflation in America, he reckons, will boost purchasing power by 2% at an annualised rate over the current and coming quarters.There is a potential pitfall, however.
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