Colombia’s inflation has risen to 5.28% in February 2025, driven by higher food, transportation, and housing costs. This marks a monthly increase of 1.14%, the sharpest since February 2023, surpassing market expectations.
Colombia’s annual inflation rate has reached a four-month high of 5.28% in February 2025, increasing from 5.22% in January and surpassing market forecasts of 5.11%. This rise in inflation can be attributed to elevated prices in several sectors, primarily food, transportation, and housing.
Specifically, food prices experienced a rise of 4.56%, an increase from 4.49%. Transportation costs climbed to 5.64%, while housing prices rose to 6.58%, compared to previous rates of 4.9% and 6.48%, respectively.
In contrast, certain sectors exhibited a slowdown in price growth. Restaurants and hotels recorded growth at 7.73%, declining from 8.06%. Additionally, the health sector saw an increase of 5.42%, down from 5.47%, and education prices increased by 7.38%, significantly lower than the earlier rate of 10.62%.
On a monthly basis, consumer prices have grown by 1.14%, marking the most substantial increase since February 2023, up from January’s 0.94%. This monthly rise aligns closely with market expectations of a 1.1% increase.
In summary, Colombia’s inflation rate has risen to 5.28%, influenced by increased prices in food, transportation, and housing. Notably, some sectors like restaurants, health, and education have seen a deceleration in price growth. The monthly rise of 1.14% in consumer prices indicates a significant uptick compared to previous months, aligning with market predictions.
Original Source: www.tradingview.com
