Colombia’s Inflation Surges to Highest Level in Four Months

Colombia’s annual inflation reached 5.28% in February 2025, surpassing forecasts. Key contributors included food, transportation, and housing costs, while restaurant, health, and education sectors saw reduced price increases. Monthly consumer prices rose by 1.14%, marking the sharpest increase since February 2023.

In February 2025, Colombia’s annual inflation rate reached a four-month high of 5.28%, an increase from January’s 5.22%. This figure surpassed market forecasts, which predicted a rate of 5.11%. The significant rise in inflation was primarily influenced by higher costs in several sectors, including food, which rose by 4.56% compared to the previous month’s 4.49%, transportation at 5.64% from 4.9%, and housing at 6.58% from 6.48%.

Conversely, price increases in other areas slowed down. Restaurants and hotels saw growth reduce to 7.73% from 8.06%, health prices dipped slightly to 5.42% from 5.47%, and education costs fell to 7.38% from a notable 10.62%.

On a month-to-month basis, consumer prices surged by 1.14%, marking the steepest rise since February 2023. This increase represented an acceleration from January’s 0.94% rise and closely aligned with market expectations, which had anticipated a growth of 1.1%.

Colombia’s inflation experienced an uptick in February 2025, reaching a four-month high of 5.28%. This increase was driven mainly by rising food, transportation, and housing costs. Conversely, other sectors, such as restaurants, health, and education, experienced slower price growth. The monthly inflation rate also indicated a significant rise, marking the largest increase since the previous year.

Original Source: www.tradingview.com