economy
Inflation would be far from peaking and households must prepare for several months of high inflation
The cost of living in Colombia is an indicator that will not give respite soon. Photo: Image generated with artificial intelligence.
TL;DR
- Inflation in Colombia is forecast to continue rising in 2026, potentially nearing 6.5%.
- The annual inflation rate reached 5.68% in April, showing a continued acceleration.
- Factors contributing to rising inflation include El Niño, road blockages, domestic demand, and international conflicts.
- Food inflation was 6.71% in April, with perishables seeing an 11.81% annual increase.
- Regulated goods, particularly gasoline and gas, are also pressuring the cost of living.
- Inflation in services remains high at 6.77%, though meals outside the home are showing signs of slowing.
- Inflation without food and regulated items remains stable at 5.79%, indicating persistent inflationary risks.