Colombia’s inflation rate declined to 6.86% YoY in July, the lowest since 2021, down from 7.16% in June and a monthly rise of 0.20%. The decline resumes the downward trend disrupted in June, though inflation remains well above the central bank’s 3% target. Following the central bank’s recent rate cut to 10.75%, analysts anticipate an accelerated pace of rate cuts in the upcoming September 30th meeting.