Consumer confidence rises 23.3 points in December

Colombia's Consumer Confidence Index (CCI) reached 19.9% in December 2025, up 2.9 percentage points from November. The rise was mainly due to improved perceptions of economic conditions. Compared to December 2024, the index increased by 23.3 percentage points.

Colombia's Consumer Confidence Index (CCI) continued strengthening in December 2025, reaching levels unseen in over eight years, according to Fedesarrollo's Consumer Opinion Survey. The index closed the month at 19.9%, a 2.9 percentage point increase from November's 17.0%.

"This result was due to a 5.0 percentage point increase in the Economic Conditions Index and a 1.5 percentage point rise in the Consumer Expectations Index," stated the Fedesarrollo report. Compared to December 2024's -3.4%, the index grew by 23.3 percentage points.

In the fourth quarter of 2025, the CCI rose 15.3 percentage points from the previous quarter, moving from 1.5% to 16.8%. Perceptions of the country's situation improved by 18.7 points, and household situations by 12.9 points. Willingness to buy durable goods and housing also increased: for housing, it rose 3.9 points from November and 17.5 points from December 2024.

By cities, Bogotá led with 9.4 points, followed by Cali at -0.2, Bucaramanga at -2.9, Medellín at -10.1, and Barranquilla at -11.2. These figures indicate a gradual recovery in Colombian households' economic perceptions at year-end.

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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%.

Fedesarrollo's March business opinion survey showed the commercial confidence index at 22.8%, up 0.2 percentage points from February, thanks to reduced inventories. In contrast, the industrial confidence index fell 3.2 points into negative territory amid lower production expectations.

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

Colombia's manufacturing production rose 1.4% in February 2026 compared to the previous year, but real sales fell 2.5%, according to Dane data. Andi president Bruce Mac Master said the figures show stagnation and that the sector has yet to take off. Employed personnel dropped 0.4%.

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The Departamento Administrativo Nacional de Estadística (DANE) reported that Colombia's unemployment rate fell to 8.8% in March 2026—the lowest for any March since 2001, continuing the downward trend from 10.9% in January and 9.2% in February—with 2.34 million people unemployed (down 174,000). This marks a 0.8 percentage point drop from 9.6% in March 2025. The employed population grew by 650,000 (2.7%), while the January-March quarter rate stood at 9.6%. Neiva ranked among cities with the lowest unemployment.

After a 2.6% drop in economic activity in February, according to INDEC, private consultancies estimate a March recovery driven by agriculture. Equilibra forecasts a 1.5% year-on-year rise and 1% monthly desesasonalized. The first quarter would end with 0.4% growth versus 2025.

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Colombia's economy grew 2.2% year on year in the first quarter of 2026, according to Dane data. The main driver was state spending on consumption and public administration.

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