Colombia's March inflation closes at 5.56% per Dane

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%.

The National Administrative Department of Statistics (Dane) released March inflation data, which accelerated to 5.56% year-over-year, from 5.29% in February and 5.35% in January.

"Year-to-date, that is, for the first quarter of the year it reached 3.07%, above the 2.62% we reported in the first quarter of last year," said Piedad Urdinola, director of Dane.

Divisions with the highest increases were restaurants and hotels (9.92%), health (7.87%), education (7.54%), alcoholic beverages and tobacco (6.75%), non-alcoholic food and beverages (6.27%), and various goods and services (6.09%). Key contributors to the index were meals at table service and self-service establishments (0.75 percentage points), imputed rent (0.61 pp), and urban transport (0.52 pp).

By city, Pereira had the highest at 6.48%, followed by Medellín (5.98%) and Manizales (5.90%). The lowest were Santa Marta (3.58%), Valledupar (3.65%), and Riohacha (3.69%). Financial market expectations pointed to 5.45%, per 25 entities.

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May inflation stood at 5.84% and pushed up cost of living in Colombia

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DANE reported that annual inflation in May reached 5.84%, driven by housing and food, placing the country with the third-highest cost of living in the region.

DANE reported annual inflation accelerated to 6.14% in June from 5.84% in May. The monthly variation was 0.39%.

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DANE reported May annual inflation at 5.84 percent, driven by housing and food. The figure marks the highest level since August 2024 and the third straight month of increases.

Anif warned that the arrival of the El Niño phenomenon in the second half of the year could push inflation in Colombia close to 7%. The think tank pointed to pressures on food and energy as main factors.

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Economy Minister Luis Caputo projected that March inflation will exceed 3%, driven by oil impacts and educational seasonality. The official INDEC data will be released on Tuesday, April 14, at 4 p.m. Caputo assured that disinflation and economic growth will begin from April.

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