Colombia faces its most expensive Christmas since 2023 as analysts project inflation of up to 6.9% by end-2026

FinanceColombiaEl ColombianoNov 10, 2026, 11:50 AMAI summary

Analysts project Colombia's annual inflation will close 2026 between 6.7% and 6.9%, the highest level since 2023, when it exceeded 9%, according to Dane. José Luis Mojica of Bancolombia estimates 6.7%, driven by indexation and the 23.7% minimum wage increase for 2026. Juan David Ballén of Aval Asset Management calculates 6.9% due to services and regulated prices. Households would feel the impact on family dinners, restaurants and gifts, with El Niño as an additional risk.

In 35 seconds

Bancolombia projects 6.7% and Aval Asset Management 6.9% annual inflation by end-2026, the highest level since 2023.
Indexation and the 23.7% minimum wage increase for 2026 are pressuring costs of goods and services.
The El Niño phenomenon could make food and energy and gas tariffs more expensive.

Read the full story at El Colombiano

IASummary generated by artificial intelligence from a story by El Colombiano. It may contain errors: the original source prevails.

inflación
IPC
Dane
Banco de la República
consumo

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Colombia faces its most expensive Christmas since 2023 as analysts project inflation of up to 6.9% by end-2026

In 35 seconds

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Inflation in Barranquilla: costeño cheese rises to 30,000 pesos a kilo and rents up to 8.3%

October inflation stood at 6.30% and opens debate on the minimum wage

Armenia leads annual inflation in Colombia at 7.29%, according to Dane

Colombia's new waste collection tariff framework will tie rates to verifiable cleaning results