10.11.202523:42:44UTC+00Colombia Inflation Hits 13-Month High

Colombia experienced a rise in its annual inflation rate, which reached 5.51% in October 2025, up from 5.18% in September. This marks the highest inflation level in 13 months and supports the central bank's decision to maintain interest rates. The rate remains significantly above the central bank's target of 3%, signaling that the country is poised to miss its inflation target for the fifth year in a row. The primary contributors to the price increases were the culture & leisure and health sectors. In October, the central bank kept its policy rate steady at 9.25%, a level that has been maintained all year except for a single reduction in April, as policymakers balanced persistent inflationary threats with strong economic indicators. Some board members have even hinted at the possibility of rate hikes if inflationary pressures escalate. On a month-over-month basis, consumer prices rose by 0.18%, which, while down from September's 0.32% increase, still surpassed the expected forecast of 0.13%.