Colombia Inflation Rate Hits Over 2-Year High

The annual inflation rate in Colombia edged up to 6.30% in October 2026 from 6.29% in September, marking the highest reading since July 2024. The latest figure remained above the central bank’s target of 3%, with food prices rising to 7.31%, the highest since November 2023, from 6.74% in September. Inflation also accelerated in clothing and footwear (3.14% vs 3.12% in September), and information and communication (4.47% vs 4.45%). Meanwhile, inflation eased in transport (5.19% vs 5.27%), housing and utilities (5.62% vs 5.74%), furniture and household maintenance (6.60% vs 6.75%), education (7.44% vs 7.49%), restaurants and hotels (9.39% vs 9.44%), recreation and culture (4.52% vs 4.91%), and miscellaneous goods and services (5.37% vs 5.63%), alcoholic beverages and tobacco (5.84% vs 6.05%), and health (7.37% vs 7.79%). On a monthly basis, consumer prices climbed by 0.20% in October, easing from a 0.37% rise in September and marking the softest increase in three months.

The annual inflation rate in Colombia rose to 6.29% in September 2026 from 6.24% in August, falling short of market expectations of 6.32% but marking the highest reading since July 2024. The latest figure pushed further above the central bank’s target of 3%, driven by stronger price growth for furniture and household maintenance (6.75% vs 6.67% in August), transport (5.27% vs 5.25%), food and non-alcoholic beverages (6.74% vs 6.10%), education (7.49% vs 7.45%), and restaurants and hotels (9.44% vs 9.36%). Housing and utilities inflation was unchanged at 5.74%. Meanwhile, price growth eased for information and communication (4.45% vs 5.97%), recreation and culture (4.91% vs 4.98%), miscellaneous goods and services (5.63% vs 6.05%), alcoholic beverages and tobacco (6.05% vs 6.94%), clothing and footwear (3.12% vs 3.26%), and health (7.79% vs 8.30%). On a monthly basis, consumer prices rose by 0.37% in September, slowing from a 0.39% gain in the preceding period.

The annual inflation rate in Colombia rose to 6.24% in August 2026 from 6.03% in July, exceeding market expectations for a 6.1% gain. The latest reading also marked the fastest increase since July 2024, pushing inflation further above the central bank’s 3% target, driven by stronger price growth for furniture and household maintenance (6.67% vs 6.30% in July), housing and utilities (5.74% vs 5.40%), information and communication (5.97% vs 4.97%), recreation and culture (4.98% vs 3.74%), and miscellaneous goods and services (6.05% vs 5.97%). Inflation also picked up for transport (5.25% vs 5.21%). Meanwhile, price growth eased for food and non-alcoholic beverages (6.10% vs 5.82%), alcoholic beverages and tobacco (6.94% vs 7.14%), clothing and footwear (3.26% vs 3.38%), health (8.30% vs 8.37%), education (7.45% vs 7.57%), and restaurants and hotels (9.36% vs 9.53%). On a monthly basis, consumer prices grew by 0.39% in August, topping forecasts for a 0.26% rise and July’s 0.17% gain.