Annual inflation in Colombia rises to 5.68% in April

Dane reported the consumer price index recorded an annual variation of 5.68% in April, above March's 5.56%.

The National Administrative Department of Statistics released the figure on May 8. The monthly CPI variation was 0.78%. The largest increases occurred in food and non-alcoholic beverages, at 1.51%, and household furniture, at 1.06%.

The products that most drove the rise were fresh fruits, with a variation of 5.52%, and potatoes, at 8.05%. In contrast, new or used vehicles recorded a drop of 0.37%.

Year-to-date accumulated inflation reached 3.87%. Financial market analysts expect inflation to close 2026 at 6.44%.

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Illustration showing Colombia's February 2026 inflation at 5.29%, with easing trend chart, food and education price symbols, and Central Bank target.
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Colombia's inflation eases to 5.29% in February 2026

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The National Administrative Department of Statistics (Dane) reported that Colombia's annual inflation for February 2026 was 5.29%, a slight slowdown from January's 5.35%. The monthly Consumer Price Index (CPI) variation stood at 1.08%, driven by rises in education and food. This figure remains above the Central Bank's target range of 3%.

Dane reported that Colombia's annual inflation for March 2026 reached 5.56%, up from 5.29% in February. This is the highest rate since September 2024 at 5.81%. Year-to-date inflation for the first quarter stood at 3.07%.

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Colombia's January inflation hit 1.18% monthly, exceeding historical averages and highlighting the broad impact of the minimum wage increase on the IPC basket. The services component drove the uptick, with an annual variation of 6.33%. This breaks two months of moderation, pushing annual inflation to 5.35%.

The Colombian government raised the minimum wage by 23% for 2026, exceeding technical parameters of inflation and productivity. Defended as a 'vital wage', the measure has triggered an inflation spike in January and an estimated additional fiscal cost of $3.8 trillion. Experts warn of effects on employment and public finances.

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China's consumer price index rose 0.8 percent in the first two months of 2026, driven by a surge in spending during an extended Chinese New Year holiday. However, analysts remain concerned about long-term deflation risks.

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for February 2026 rose 0.3% month-over-month and remained at 2.4% year-over-year, matching economist expectations. Core CPI, excluding food and energy, increased 0.2% monthly and stayed at 2.5% annually. While inflation showed stability before the recent U.S.-Israel-Iran war, surging oil prices are expected to push future readings higher.

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The average price of fattened cattle per kilo reached 9,348 pesos in April 2026, nearly double the 4,698 pesos recorded in April 2020.

 

 

 

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