Colombia inflation rises to highest level since 2024, boosting rate hike prospects
Updated
Updated · Bloomberg · May 8
Colombia inflation rises to highest level since 2024, boosting rate hike prospects
7 articles · Updated · Bloomberg · May 8
April annual inflation reached 5.68%, above the 5.64% median analyst forecast, while consumer prices rose 0.78% month on month, Colombia's statistics agency said Friday.
The uptick moved inflation further from the central bank's target and strengthened the case for policymakers to resume tightening after an unexpected pause late last month.
Higher price growth adds pressure on Colombia's monetary outlook, with investors now watching whether the central bank shifts from holding rates back toward renewed increases.
Can Colombia’s central bank remain independent amid a clash with the president over soaring inflation?
With a 23% wage hike fueling inflation, is Colombia trapped between recession and a cost-of-living crisis?
As Colombia’s energy policies falter, is it heading towards a self-inflicted fiscal and climate crisis?