Colombia’s inflation reached a four-month high of 5.28% in February 2025, driven primarily by rising food, transportation, and housing costs, while experiencing decelerated growth in other categories. Monthly prices increased by 1.14%, the steepest rise since February 2023, exceeding market forecasts.
In February 2025, Colombia experienced an increase in its annual inflation rate, which reached a four-month high of 5.28%. This represented an uptick from January’s 5.22%, surpassing market predictions that anticipated an inflation rate of 5.11%. The inflation surge was primarily influenced by rising costs in several sectors, notably food, transportation, and housing.
Food prices rose by 4.56%, an increase from 4.49% in January, while transportation costs escalated by 5.64%, up from 4.9%. Housing expenses also increased by 6.58%, compared to the previous rate of 6.48%.
Conversely, there was a deceleration in price growth for other categories such as restaurants and hotels, which grew by 7.73%, down from 8.06%. Health care costs increased marginally by 5.42%, a slight decline from 5.47%, and education saw a notable decrease, with prices rising by 7.38%, down from 10.62%.
On a month-to-month basis, consumer prices experienced a significant rise of 1.14%, marking the fastest monthly increase since February 2023. This figure is an acceleration from January’s rate of 0.94% and aligns closely with market expectations of 1.1%.
In summary, Colombia’s inflation rate rose to 5.28% in February 2025, marking a significant rise influenced by increasing prices in food, transportation, and housing. The growth in consumer prices was pronounced, with a notable monthly rise of 1.14%. Meanwhile, reductions were observed in certain sectors such as education, health care, and hospitality.
Original Source: www.tradingview.com
