Convergence to levels compatible with the inflation target still faces challenges: reactions to the CPI data

TL;DR

February 2026 inflation: 1.08% monthly, 2.27% year-to-date, 5.29% annually.
President Gustavo Petro believes inflation will continue to decrease and blames interest rate hikes for hindering economic growth.
Anif's Jose Ignacio Lopez noted the annual inflation represents a deceleration but was slightly above the previous year.
Top contributors to annual inflation were accommodation, food, and restaurants/hotels.
Ex-DNP director Luis Alberto Rodriguez stated that inflation remains outside the target range, indicating challenges to convergence.
Luis Fernando Mejia of Lumen Economic Intelligence warned of upward risks due to minimum wage increases.
Fedelonjas' Mario Ramirez hopes for a decrease in the monetary policy interest rate.
The housing and home services sector is contributing less to overall inflation.
Fedelonjas calls for clearer, consistent economic measures to reduce uncertainty and improve housing access and financing.

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