Inflation started the year at 5.35%: 'corrientazo' was the most expensive item
The National Administrative Department of Statistics (DANE) reported that in January 2026, the Consumer Price Index (CPI) registered an annual variation of 5.35%, while monthly inflation stood at 1.18%, reflecting persistent pressures on the cost of living at the beginning of the year.
TL;DR
- Annual inflation in Colombia reached 5.35% in January 2026, with monthly inflation at 1.18%.
- The highest price increases were observed in restaurants and hotels (2.94% monthly) and transportation (2.14% monthly).
- Experts suggest the 23% minimum wage increase is already impacting prices and may lead to further interest rate pressures.
- Foods in restaurants and self-service eateries, along with urban transport, were the main contributors to the monthly CPI increase.
- Medellín experienced a higher monthly inflation rate of 1.43%, with urban transport and rent being key drivers.