Colombia’s annual inflation rate eased to 5.10% in December 2025 from 5.30% in November, coming in below market expectations of 5.20%. The slowdown followed four consecutive months of rising inflation, though price growth remained well above the central bank’s 3% target. Inflation moderated notably in food and non-alcoholic beverages (5.07% vs. 5.74%), housing (4.76% vs. 5.29%), and furnishings (3.31% vs. 3.50%). In contrast, price pressures accelerated in healthcare (7.20% vs. 6.88%), clothing (2.12% vs. 2.00%), recreation and culture (1.85% vs. 0.57%), and transport (5.35% vs. 5.33%). Inflation also picked up in information and communication, restaurants and hotels, and miscellaneous goods and services, while education inflation was unchanged at 7.36%. On a monthly basis, consumer prices rose 0.27%, up from a 0.07% increase in November but below forecasts for a 0.38% gain.