Reported about 5 hours ago
Colombia's inflation unexpectedly accelerated to 5.22% in January year-on-year, surpassing economists' forecasts and rising from December's 5.20%. This increase follows the central bank's decision to pause interest rate cuts, amidst concerns over renewed price pressures, a significant minimum wage hike, and external tariff threats. The central bank now anticipates inflation will stabilize at 4% by the end of 2025, complicating the fiscal outlook for policymakers.
Source: YAHOO