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%.

Following projections of around 5.2% for year-end 2025, Colombia's National Administrative Department of Statistics (Dane) reported actual annual inflation of 5.1% for December 2025, down 10 basis points from December 2024. This below-expectation figure underscores persistent pressures in housing, services, and food amid minimum wage hikes, as the central bank eyes interest rate moves.

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The National Administrative Department of Statistics (Dane) revealed that the Economic Tracking Indicator (ISE) grew 3.1% in November 2025 compared to the same month in 2024, marking 18 consecutive months of positive growth. However, the manufacturing sector showed limited progress with 0.7% production growth, while sales fell 0.4%, and retail commerce rose 7.5%. Overall industrial production varied by 1.7%, driven by electricity supply.

A Bank of Japan quarterly survey for December 2025 showed consumer sentiment rising for two straight quarters, while views on living conditions worsened for the first time in two quarters. The results suggest more people believe the overall economy is improving, though higher prices are burdening livelihoods.

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In January 2026, Colombia's unemployment rate stood at 10.9%, the lowest for a first month since 2001, according to the Dane. While 324,000 new jobs were created, 60% were self-employment positions. This indicates employment improvement, but raises concerns about job quality.

Colombia's National Administrative Department of Statistics (Dane) reported that manufacturing production rose 1.9% in October 2025 compared to October 2024. Manufacturing sales grew 2.4%, and employed personnel increased 0.7%. Bruce Mac Master, president of Andi, highlighted sectoral heterogeneity and the importance of the year's final months.

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DANE reported that manufacturing industrial production fell 0.5% in January 2026 compared to January 2025, with real sales down 0.7%. This marks two consecutive months of production contraction and three for sales.

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