Colombia inflation accelerates on El Niño, wage adjustment at new government start

Colombia's macroeconomic fundamentals at the start of De la Espriella's government show inflationary acceleration driven by initial El Niño effects and the lagged impact of the 2026 salary adjustment. The report indicates near-term price pressure but does not specify magnitude or policy response. This matters as it sets the initial economic conditions for the new administration and may influence central bank policy.

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