Colombia: Inflation picks up in May from the prior month
Latest reading: Consumer prices increased 5.8% in annual terms in May, following a 5.7% rise in the prior month. May’s reading was the strongest since August 2024.
Relative to the prior month’s figures, price pressures were higher for housing and utilities in May (+4.5% on a year-on-year basis vs +4.1% in April). In contrast, price pressures reduced for food and non-alcoholic beverages in May (+6.0% vs +6.7% in April). Finally, the variation in restaurants and hotels prices was the same as in the prior month (+9.6% in May and April).
Meanwhile, core consumer prices increased 6.5% on a year-on-year basis in May, following a 6.3% rise in the prior month.
Lastly, consumer prices increased 0.47% in May in month-on-month terms, following a 0.78% rise in the previous month.