Colombia 12-month inflation edges up in April

May 8 (Reuters) - Colombia's ‌consumer prices ​rose ​0.78% in the fourth month of 2026, the country's DANE statistics agency said on ‌Friday, taking cumulative 12-month price growth to ⁠5.68%.

April's inflation data was a touch above the 0.73% expectation ‌of analysts polled by ‌Reuters, and flat compared to the prior month.

Year-on-year inflation slightly edged up from the 5.56% recorded ​in March and landed just a touch above the 5.63% predicted by analysts.

This remains ⁠well above the central bank's target range of 3%, plus or minus ​a percentage point.

March's price hikes were led by food and non-alcoholic drinks, home services ​and transport. Prices in the ‌information and communication sector dipped slightly.

Earlier this week, the technical team for ⁠Colombia's central bank edged up its forecast for this year's inflation, predicting the rate will end 2026 at ⁠6.4%. It maintained its estimate that inflation will ease to ​3.7% the following year.

Days earlier, the bank's board unanimously voted to keep its benchmark interest rate at 11.25%, following ‌a public spat between board members and the country's leftist government, represented on ‌the board by Finance Minister German Avila.

Here is ⁠a breakdown of Colombia's ‌consumer prices:

March April

Change in ​month(%) +0.78 +0.78

Accumulated 12 months(%) +5.56 +5.68

Food and non-alcoholic +1.27 +1.51

beverages(%)

Housing and public +0.85 +0.70

services(%)

(Reporting by Sarah Morland; Editing by Daina Beth ‌Solomon)

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