El Niño to Push Inflation to 7.3% by Year-End, Anif Estimates

Colombian think tank Anif projects El Niño will raise inflation to 7.3% by end-2026, citing a 0.56-point drop in agricultural growth and 0.47-point drop in energy growth. The estimate is preliminary and depends on the severity of the climatic event, but signals a supply-side inflationary shock.