Colombia Inflation Ticks Up, Fueling Case For Renewed Rate Hikes

Colombian inflation sped up in April, moving further away from the central bank’s target and raising the likelihood it may need to resume interest rate hikes after an unexpected pause late last month.

Annual inflation during the month accelerated to 5.68%, the highest rate since 2024, the statistics agency reported Friday, slightly above the median forecast of 5.64% from analysts surveyed by Bloomberg. Consumer prices rose 0.78% from the previous month.