Colombia food inflation accelerates despite headline slowdown; rate path in focus

Colombia's headline inflation slowed in October, but food prices rose sharply—potatoes nearly doubling year-on-year and beef up 13%—signaling persistent domestic price pressures. The divergence complicates the central bank's rate-cut calculus, as food inflation may keep overall inflation sticky. The report highlights a potential policy dilemma: easing headline may mask underlying food-driven inflation that hits consumers directly.

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