Colombia Inflation Unexpectedly Cools After Record Wage Increase

Colombian inflation unexpectedly cooled in February, surprising analysts who had forecast that this year’s record minimum wage rise would stoke consumer price pressures.

Consumer prices rose 5.29% from a year earlier, the statistics agency reported Friday. The result was far below the 5.49% median forecast of analysts surveyed by Bloomberg. Prices increased 1.08% from the previous month. Inflation has been practically steady since the end of 2024.