Colombia inflation was 0.47% last month - government statistics agency

Colombia’s annual inflation rate rose to 5.56% in March 2026, up from 5.29% in February, according to the government statistics agency, DANE. This marked the highest reading since September 2024 and exceeded market forecasts of 5.47%. On a monthly basis, consumer prices increased by 0.78%, a slowdown from the 1.08% rise in February, indicating softest monthly inflation rate so far this year.

The inflation increase was driven by rising prices in food and non-alcoholic beverages, furnishings, and healthcare, while sectors saw moderated price pressures such as housing, clothing, and transport. Analysts note that inflation remains above the central bank’s 3% target, complicating monetary policy decisions. Looking ahead, projections suggest inflation will reach 6.30% by the end of the quarter, with longer-term forecasts pointing to gradual decline to 4.80% in 2027 and 4.00% in 2028.

The broader economic outlook for Colombia anticipates growth of 2.8% in 2026 and 1.8% in 2027, though persistent inflation and high interest rates remain key challenges.