Colombia recorded an annual inflation rate of 5.3% in February 2026, ranking second among OECD countries, behind only Turkey at 31.5%. The figure exceeds the OECD average of 3.4%.
Colombia recorded one of the highest inflation rates in the Organisation for Economic Co-operation and Development (OECD) in February 2026. The annual variation reached 5.3%, trailing only Turkey, which reported 31.5%.
The figure placed the country well above the OECD average of 3.4%. Although Colombia has slowed from prior peaks, its cost of living is rising faster than in most developed economies in the group.
In Latin America, Colombia exceeded Mexico (4.0%), while Chile and Costa Rica had lower rates; Costa Rica even posted -2.7%. Among major global economies, the United States had 2.4%, Germany 1.9%, Canada 1.8%, Japan 1.3%, and France 0.9%.
The data highlight challenges in prices, monetary policy, and household purchasing power in Colombia. It will serve as a key indicator for upcoming decisions, such as interest rate adjustments.
