Colombia’s annual inflation reaches 6.29 per cent in September
Colombia’s annual consumer inflation reached 6.29 per cent in September, compared with 5.18 per cent a year earlier. Prices increased 0.37 per cent during the month and 5.74 per cent from January to September. Restaurants and hotels had the largest annual increase among spending categories, followed by health and education. Food prices varied sharply, with potatoes and beef dearer but rice cheaper.
Economics & Markets··Morning
September’s annual rate reaches 6.29 per cent
Colombia’s consumer prices rose 6.29 per cent in September from a year earlier, according to the release of its national statistics agency, DANE. Prices increased 0.37 per cent from August and 5.74 per cent between January and September. The annual comparison follows the prices of goods and services bought by households across a full year.[1], [2]
A year earlier, the annual rate was 5.18 per cent, the monthly increase 0.32 per cent and the January–September rise 4.55 per cent. The new annual rate was the highest since July 2024’s 6.86 per cent.[1]
Restaurants and hotels lead category increases
Restaurants and hotels had the largest annual price increase among spending categories, at 9.44 per cent. Health prices rose 7.79 per cent and education 7.49 per cent. Food and non-alcoholic beverages increased 6.74 per cent. The figures place several regular household expenses above the overall annual inflation rate.[1], [2]
Potatoes and beef rise while rice becomes cheaper
Potato prices increased 78.24 per cent annually and beef 14.22 per cent, while rice fell 2.83 per cent. Inflation also differed across income groups: the annual rate was 6.32 per cent for high-income households, 6.30 per cent for the middle class, 6.22 per cent for vulnerable households and 6.14 per cent for poor households.[1]
