Inflation & Prices

Colombia Overshoots Inflation Target for Fourth Straight Year

Inflation ends 2024 at 5.2%, above upper limit of target range
Central bank unexpectedly slowed pace of monetary easing

The central bank unexpectedly slowed the pace of monetary easing last month, cutting the key interest rate by a quarter percentage point to 9.5%. — The central bank unexpectedly slowed the pace of monetary easing last month, cutting the key interest rate by a quarter percentage point to 9.5%.
Photographer: Antonio Cascio/Bloomberg

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By Oscar Medina

January 9, 2025 at 11:16 PM UTC

This article is for subscribers only.

Colombian inflation exceeded expectations in December, overshooting the central bank’s target range for a fourth straight year.

Consumer prices rose 5.2% in 2024, the statistics agency said Thursday. That was unchanged from November, and compares to a median forecast of 5.16% from 22 economists surveyed by Bloomberg.