
Banco de la República raised its forecast for 2026 year-end inflation to 7.1%, from 6.9% in its July projection. The bank cited stronger El Niño effects on food prices and some regulated prices, while saying inflation is expected to decline in 2027 and 2028.
El Niño-related pressure on food prices could raise costs across agricultural supply chains, including feed inputs, though the article identifies no specific commodity. Higher inflation may also influence monetary policy and broader demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.