Colombia | Annual inflation in September was 6.29%, driven by food

Annual inflation in Colombia rose marginally in September to 6.29%, 5 bps above August. This movement is explained by an acceleration in food prices, especially perishables, and a moderation in the non-food basket, which broke a six-month upward trend.

Key points

• Key points:
• Annual food inflation accelerated to 6.74% in September, driven by perishables (13.1%), with notable increases in potatoes (78.2%), tomatoes (16.56%), and fresh vegetables (10.1%) due to unfavorable weather conditions.
• Non-food inflation moderated to 6.19%, breaking a six-month upward trend. This moderation was supported by the goods basket (2.87%), thanks to the favorable effect of the exchange rate appreciation, especially on vehicles.
• Services inflation remained relatively stable at 7.19%, although upward pressures were observed in rents and airfares. Regulated items showed relief, standing at 6.69% due to moderation in electricity prices.
• Risks from climate anomalies due to the El Niño phenomenon remain, especially for food. Inflation is expected to continue its upward trend and close 2026 at 7.0%.

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