Anif alerta que inflação pode chegar a 7% devido ao fenômeno El Niño

A Anif alertou que a chegada do fenômeno El Niño no segundo semestre do ano pode elevar a inflação na Colômbia para perto de 7%. O centro de estudos apontou as pressões sobre alimentos e energia como os principais fatores.

José Ignacio López, presidente da Anif, explicou que um El Niño severo geraria pressões inflacionárias sobre os alimentos de até 50 pontos-base. Ele acrescentou que os custos de energia adicionariam outros 20 pontos-base, levando a inflação anual para perto de 7% até o fim do ano.

O Ministério do Meio Ambiente e o Ideam alertaram para uma probabilidade de quase 96% de um fenômeno forte no final do ano. Historicamente, eventos semelhantes, como o de 2015-2016, elevaram a inflação de alimentos para 18,9% e a de energia elétrica para 13,6%.

A Colômbia depende de 62% de geração hidrelétrica, portanto, níveis mais baixos nos reservatórios forçariam um uso maior de usinas térmicas. Produtos como batatas, banana-da-terra, arroz, milho, cebola e mandioca, além de carne, leite e peixe, enfrentariam aumentos de preços mais acentuados.

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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%.

Building on Dane's initial report of 5.29% annual inflation for February 2026—below January's 5.35% and market expectations around 5.5%—Anif analysis credits a $500-per-gallon gasoline price reduction as the main factor. Without it, inflation would have accelerated to 5.38%. Services and food exerted upward pressure, offset by regulated price relief.

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Ideam raised the probability of El Niño conditions to 82 percent for the May-June-July quarter, with strong or very strong intensity expected.

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%.

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The Banco de la República released its Monthly Survey of Economists' Expectations, forecasting year-end inflation at 6.32% and interest rates at 12.25%. These projections mark an upward revision from March. Experts anticipate a gradual moderation in subsequent years.

Mexico's National Institute of Statistics and Geography (Inegi) reported annual inflation at 4.63% for the first half of March 2026, exceeding analysts' estimates. The National Consumer Price Index (INPC) rose 0.62% from the previous half-month period.

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Colombia’s Mines and Energy Minister Edwin Palma defended his handling of the Air-e financial crisis—ongoing since early 2026 with $1.6 trillion in debts—and announced key steps: a targeted $8/kWh surcharge on high-income users, a Creg proposal for more energy contracting ahead of El Niño, and calls for structural reforms in the Caribbean region's electricity sector.

 

 

 

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