Colombia’s annual inflation rate inched up to 6.30% in October 2026 from 6.29% in September, reaching its highest level since July 2024. The rate remained more than double the central bank’s 3% target. Food prices accelerated to 7.31% from 6.74% in September, the fastest pace since November 2023. Inflation also picked up slightly in clothing and footwear (3.14% vs. 3.12%) and in information and communication services (4.47% vs. 4.45%).
By contrast, price pressures eased across several categories: transport (5.19% vs. 5.27%), housing and utilities (5.62% vs. 5.74%), furniture and household maintenance (6.60% vs. 6.75%), education (7.44% vs. 7.49%), restaurants and hotels (9.39% vs. 9.44%), recreation and culture (4.52% vs. 4.91%), miscellaneous goods and services (5.37% vs. 5.63%), alcoholic beverages and tobacco (5.84% vs. 6.05%), and health (7.37% vs. 7.79%).
On a monthly basis, consumer prices rose 0.20% in October, slowing from a 0.37% increase in September and marking the smallest monthly gain in three months.
