Searcher
Searcher
See main menu

Published on Friday, May 9, 2025

Colombia | Annual inflation surprised on the upside in April, reaching 5.2%

Summary

Annual inflation in April surprises on the upside (5.2%), driven by regulated items and goods. Core inflation (excluding food) also increases. Doubts persist regarding the speed of future moderation. This result may lead to upward revisions of forecasts and uncertainty about the future monetary policy stance.

Key points

  • Key points:
  • Inflationary increase led by significant rises in public utilities and transportation services.
  • Goods continue on an upward trend from low levels, showing pressures from the exchange rate and demand.
  • Services maintain annual stability, with rents moderating but offset by leisure activities and out-of-home food consumption.
  • Food inflation shows a slight annual decrease, with opposing dynamics between perishables and processed foods/meats.
  • The April inflationary rebound could influence expectations and future decisions of the Banco de la República (Central Bank).

Geographies

Documents and files

Report (PDF)

Annual inflation surprised on the upside in April, reaching 5.2%.

English - May 9, 2025

Report (PDF)

Annual inflation surprised on the upside in April, reaching 5.2%.

Spanish - May 9, 2025

Authors

AR
Alejandro Reyes González BBVA Research - Principal Economist
New comment

Be the first to add a comment.

You may also be interested in