Food prices drive inflation in Colombia as annual CPI reaches 6.30% in October

FinanceColombiaEl EspectadorNov 10, 2026, 6:00 PMAI summary

DANE reported that October CPI reached 6.30% year-on-year and rose 0.2% versus September. Food contributed 0.19 percentage points to the monthly figure and 1.38 to the annual one, and food prices rose 7.31% over the past 12 months, above the overall 6.30%. SAC attributes the increase to interest rates, labor costs, fertilizers and weather events; analysts add the earthquake, El Niño and a statistical base effect from October 2025.

In 35 seconds

October annual CPI was 6.30% and the monthly rate 0.2%; food rose 7.31% in 12 months.
Food contributed 1.38 of the 6.30 points of annual inflation, though it accounts for about 15% of the basket.
SAC points to interest rates, labor costs, fertilizers and weather; the earthquake and El Niño add pressure.

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

inflación
DANE
alimentos
IPC
El Niño

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Food prices drive inflation in Colombia as annual CPI reaches 6.30% in October

In 35 seconds

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Keep reading

Aval Asset Management: a minimum wage hike well above 8% would complicate lowering inflation in 2027

Bucaramanga posted 7.15% annual inflation in October, the highest in two years

Colombia's UVT for 2027 would be 55,684 pesos, according to a preliminary calculation based on middle-class inflation

Bancolombia proposes an 8.4% increase for the 2027 minimum wage