Inflation in Colombia would remain high throughout 2026 and exceed 6%, despite signs of monthly moderation
The behavior of the first quarter anticipates a challenging scenario for price control. Photo: Image generated with artificial intelligence.
TL;DR
- Inflation in Colombia is expected to stay above 6% through 2026, according to Anif's analysis.
- The first quarter saw significant monthly price variations, exceeding historical averages and accumulating 3.1% inflation.
- Services, particularly rents, were the main drivers of annual inflation in March, contributing 3.1 percentage points.
- Food and restaurants/hotels also contributed significantly to inflation, adding 1.2 and 1.1 percentage points respectively.
- Structural factors like minimum wage adjustments and external risks such as El Niño and geopolitical tensions pose additional threats.
- Despite anticipated monthly moderation, inflation is unlikely to reach the central bank's target range this year.