Annual inflation in Neiva hit 4.60% as of November 2025, surpassing the 4.28% from the same period in 2024, according to the Dane. This uptick mirrors the national trend, though the city remains below the countrywide average. Experts urge caution on wage adjustments amid this inflationary pressure.
The National Administrative Department of Statistics (Dane) reported that, as of November 2025, the Consumer Price Index (CPI) in Neiva shows an annual increase of 4.60%, above the 4.28% from a year earlier. This rise indicates an acceleration in the prices of goods and services used by Neivans, akin to the national picture where the annual CPI stands at 5.30%, compared to 5.20% previously.
Among the 12 categories examined, the highest increases occur in education, alcoholic beverages and tobacco, restaurants and hotels, and food and non-alcoholic beverages. Only recreation and culture shows a negative variation, with prices growing at a slower rate than last year. Despite the uptick, Neiva's inflation remains below the national average, signaling a milder acceleration in local living costs.
Nationally, Colombia has endured over four years of inflation exceeding the 3% target range. The Bank of the Republic has hiked interest rates to curb it, with just one cut this year bringing the intervention rate to 9.25%. Expert forecasts missed the mark in anticipating a slowdown, and some foresee the 2025 year ending with rates equal to or higher than 2024, which Anif called a “lost year” for inflation control.
In minimum wage talks, María Claudia Lacouture, president of AmCham Colombia, cautioned: “a disproportionate minimum wage increase would generate greater cost pressures, affecting growth and employment.” Jackeline Piraján, economist at DAVIbank, noted: “there is great uncertainty about whether Colombia could or could not achieve the Central Bank's target range in 2026,” emphasizing that wage hikes beyond inflation plus productivity might delay the goal. Negotiations at the concertation table resume next week, with business leaders opposing the two-digit adjustment sought by workers.