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Latest publications on Colombia inflation

Colombia | Inflation eases in May, reaching 5.05%

10 June 2025

Inflation in Colombia eased in May 2025, reaching 5.05% annually, its lowest in 43 months, with a monthly change of 0.32%. This moderation was mainly driven by the non-food basket, led by services and regulated items, correcting April's uptick and paving the way for gradual rate cuts by the Central Bank.

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

9 May 2025

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.

Colombia | Inflation moderately increased in February, reaching 5.3%

9 March 2025

Monthly inflation in February was 1.14%, while annual inflation stood at 5.28%. This result exceeded market analysts' expectations, as the Banco de la República survey had anticipated a monthly variation of 0.98%.

Colombia | Inflation remained at 5.2% for the third consecutive month

9 February 2025

Monthly inflation in January was 0.94%, exceeding analysts' expectations (0.82% projected in the Central Bank of Colombia’s survey). As a result, the annual variation remained stable for the third consecutive month at approximately 5.22%.

Colombia | December inflation remained unchanged, leading to a 2024 closing at 5.2%

10 January 2025

Inflation closed the year with an annual variation of 5.20%, remaining unchanged compared to the figure recorded in November. The monthly variation was 0.46%, above the expectations of market analysts, who according to the Banco de la República survey expected a monthly variation of 0.41%.

Colombia | November inflation stood at 5.2%, in line with expectations

7 December 2024

In November, monthly inflation was 0.27%, with an annual rate of 5.20%, consistent with our expectations and closely aligned with market analysts’ projections, which, according to the Central Bank of Colombia's survey, anticipated a monthly variation of 0.21%. This result is 21 basis points below the previous month's figure

Clombia | October inflation surprised on the downside and stands at 5.4%

9 November 2024

In October, monthly inflation was -0.13% and annual inflation was 5.41%, below market analysts' expectations, according to Banco de la República's survey (0.17%). With this, the result is 40 bps below the previous month's figure.

Colombia | Inflation maintained its downward trend in September and stood at 5.8%

8 October 2024

In September, monthly inflation was 0.24% and annual inflation was 5.81%, close to market analysts' expectations, according to Banco de la República's survey (0.27%). With this, the result is 31 bps below the previous month's figure.

Colombia | Inflation in August accelerated its decline to 6.12%

7 September 2024

In August, monthly inflation was 0.00% and annual inflation was 6.12%, surprisingly well below market analysts' expectations according to Banco de la República's survey (0.24%). With this, the result is 74 bps below the previous month's figure and accelerates the pace of adjustments of previous months.

Colombia | Annual inflation remains stable for the second month in a row in June, at 7.2%

9 July 2024

In June, monthly inflation was 0.32%, and annual inflation was 7.18%, slightly higher than the previous month's figure. The result was close to the expectations of market analysts who, according to Banco de la República's survey, expected a monthly variation of 0.28%.

Colombia | Total annual inflation stopped 13 months of declines in May and stood at 7.16%

12 June 2024

In May, monthly inflation was 0.43% and annual inflation was 7.16%, close to market analysts' expectations, according to Banco de la República's survey (0.41%) and below our forecast (0.51%).

Colombia | April inflation reached 7.16%, supported by a reduction in core inflation

9 May 2024

Monthly inflation in April was 0.59% and annual inflation 7.16%, close to market analysts' expectations (0.57%, according to Banco de la República's survey) and in line with our estimate (0.60%).

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