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In November 2025, Colombia experienced a deceleration in its annual inflation rate for the first time in five months, easing to 5.30% from October’s peak of 5.51% over the past 13 months. This figure came in slightly under the market’s prediction of 5.45%, though it continues to significantly exceed the central bank’s target of 3%. Notably, inflation saw a decrease in several sectors: food and non-alcoholic beverages declined to 5.74% from 6.64% in October, housing dropped slightly to 5.29% from 5.30%, clothing saw a reduction to 2.00% from 2.25%, and recreation and culture experienced a more substantial fall to 0.57% from 2.74%. However, inflation accelerated in other areas, including transport, which rose to 5.33% from 5.21%, healthcare up to 6.88% from 6.50%, furnishing at 3.50% from 3.49%, information and communication up to 1.09% from 0.69%, education slightly increasing to 7.36% from 7.34%, as well as restaurants and hotels inching up to 7.65% from 7.61%, and miscellaneous services which climbed to 4.79% from 4.66%. On a monthly basis, consumer prices rose by 0.07%, a slowdown compared to the 0.18% increase in October, and below the expected 0.2% gain, marking the lowest level since October 2024 when there was a 0.13% decline in consumer prices.