Inflation rates:

“Inflation is a process of continuously rising prices, or equivalent, of continuously falling value of money” (Laidler ans Parkin in 1975, p.741)

 

Inflation that is handled in each country is the percentage by which the price of the family budget is adjusted, consumer price index (CPI), the value of the local currency over time and interest rates to invest.

 

Inflation rates in Colombia over the past three years have had major variations. Inflation maintained a wide range between 1 to 4 percent in the last three years: First 2012 closed with 2.44 % rate of inflation, then 2013 peaking to 1.94% and 2014 with high growth to 3.66 %, so 2015 worth approximately 3.22 % remains in hopes of lowering as mentioned in the recent report of the Bank of the Republic.

 

The rise in annual inflation rates generate a negative impact in the educational field because the population is affected by high costs in terms of resources and basic needs. Thus the families are forced to cut investment budgets and do not invert in this fact.