Colombia Inflation Eases Below Forecasts

2026-08-10 23:05 By Chusnul Chotimah 1 min. read

Colombia’s annual inflation rate slowed slightly to 6.03% in July 2026 from June’s near two-year high of 6.14%, below market forecasts of 6.2%.

The deceleration was driven by softer increases in food and non-alcoholic beverages (5.82% vs 6.83% in June), transport (5.21% vs 5.47%), health (8.37% vs 8.39%), recreation and culture (3.74% vs 3.92%), miscellaneous goods and services (5.97% vs 6.12%), information and communication (4.97% vs 5.16%), and restaurants and hotels (9.53% vs 9.59%), while education inflation remained steady at 7.57%.

Meanwhile, inflation accelerated for housing and utilities (5.40% vs 5.02%), furniture and household maintenance (6.30% vs 6.22%), alcoholic beverages and tobacco (7.14% vs 7.02%), and clothing and footwear (3.38% vs 2.98%).

On a monthly basis, consumer prices rose 0.17% in July, following a 0.39% increase in June, below market expectations of 0.35% and marking the softest increase since November 2025.



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Colombia Inflation Eases Below Forecasts
Colombia’s annual inflation rate slowed slightly to 6.03% in July 2026 from June’s near two-year high of 6.14%, below market forecasts of 6.2%. The deceleration was driven by softer increases in food and non-alcoholic beverages (5.82% vs 6.83% in June), transport (5.21% vs 5.47%), health (8.37% vs 8.39%), recreation and culture (3.74% vs 3.92%), miscellaneous goods and services (5.97% vs 6.12%), information and communication (4.97% vs 5.16%), and restaurants and hotels (9.53% vs 9.59%), while education inflation remained steady at 7.57%. Meanwhile, inflation accelerated for housing and utilities (5.40% vs 5.02%), furniture and household maintenance (6.30% vs 6.22%), alcoholic beverages and tobacco (7.14% vs 7.02%), and clothing and footwear (3.38% vs 2.98%). On a monthly basis, consumer prices rose 0.17% in July, following a 0.39% increase in June, below market expectations of 0.35% and marking the softest increase since November 2025.
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Colombia’s annual inflation rate jumped to 6.14% in June 2026 from 5.84% in May, exceeding market forecasts of 6.09% and marking the highest reading since July 2024. The acceleration was driven by faster price increases in food and non-alcoholic beverages (6.83% vs 6.04% in May), alcoholic beverages and tobacco (7.02% vs 6.78%), and clothing and footwear (2.98% vs 2.70%). Costs also rose for housing and utilities (5.02% vs 4.50%), furniture and household maintenance (6.22% vs 6.16%), health (8.39% vs 8.35%), recreation and culture (3.92% vs 3.84%), and miscellaneous goods and services (6.12% vs 6.05%). Meanwhile, inflation eased for transport (5.47% vs 5.67%), information and communication (5.16% vs 5.30%), education (7.57% vs 7.58%), and restaurants and hotels (9.59% vs 9.62%). On a monthly basis, consumer prices rose 0.39% in June, slowing from a 0.47% increase in May and marking the softest monthly gain in six months.
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Colombia’s annual inflation rate accelerated to 5.84% in May 2026 from 5.68% in April, marking the highest reading since August 2024. The largest price increases were recorded in restaurants and hotels (9.62% vs 9.61% in April), health (8.35% vs 8.21%), education (7.58%, unchanged from April), and furniture and household maintenance (6.16% vs 5.79%). Costs also increased for transport (5.67% vs 4.95%), information and communication (5.30% vs 4.88%), housing and utilities (4.50% vs 4.11%), recreation and culture (3.84% vs 2.52%), and clothing and footwear (2.70% vs 2.67%). Meanwhile, inflation softened for food and non-alcoholic beverages (6.04% vs 6.71%), alcoholic beverages and tobacco (6.78% vs 6.91%), and miscellaneous goods and services (6.05% vs 6.11%). On a monthly basis, consumer prices rose by 0.47% in May, the softest rise in five months and slowing from a 0.78% gain in the preceding period.
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