INSUBCONTINENT EXCLUSIVE:
In a reversal from nearly two years of steadily climbing annual inflation, April saw the indicator begin to slow down to 12.82% after
inflation is said to have eased for the second month in May
(Photo Internet reproduction)The official inflation data for May is set to be released by the DANE at 6 pm this Wednesday.So, why is the
As a result of a statistical base effect, annual food inflation has begun to slow down.The prices of food were high a year ago; thus, even a
small adjustment now makes the figure appear better comparatively.The intense rainy season and the Ukraine-Russia conflict significantly
food inflation, particularly within the perishables category.This decrease in food prices has balanced out the rise in core inflation, which
freight and raw material prices and factors such as a weaker dollar, slower economic growth, and lower food price increases.However,
potential risks could drive inflation back up.According to Langebaek, these include a surge in fuel prices and rents, along with potential
temperatures and cause droughts, affecting crops and the food production chain in Colombia.Sergio Olarte warns that a significant rise in
economics at the Universidad de los Andes, adds that, despite the high probability of droughts, the behavior of the dollar is a more
critical factor in explaining food price trends, given that a significant portion of food inputs and about 30% of total food are
trajectory or changes course.With information from BloombergColombia news, English news Colombia, economic news Colombia, inflation
