Colombia’s monthly CPI inflation rate was 0.28% m/m in July, according to data published by DANE on Friday, August 8th, 2025. This result was above analysts’ expectations in the BanRep survey (0.18% m/m) and the Scotiabank Colpatria forecast (0.20% m/m). During the month, 10 of the 12 groups registered positive monthly variations, with food and lodging and utilities contributing the most to total inflation, accounting for 75% (chart 1). The upside surprise was driven by food inflation. Food prices increased 0.82% m/m, well above the average historical variation for the month of July excluding the pandemic (0.08% ... (full story)