The surging food prices in Colombia are considerably higher than the region, which registered an average increase of 12.5% in March, according to ECLAC. The inflation was mainly due to a 21.6% surge in the price of food and non-alcoholic beverages, according to DANE. Colombia’s extraordinary inflation in food pricesĬolombia’s statistics agency DANE said Monday that that inflation in May was 9% compared to the same month before. Soaring food prices attributed to the war in Ukraine would have the most impact on poor people who have not been able to recover from the coronavirus pandemic, according to ECLAC. As a result, 7.8 million people are forecast to join the 86.4 million others whose food security is already at risk. The region confronts domestic contexts marked by a sharp economic slowdown, rising inflation and a slow and incomplete recovery of labor markets, which will increase poverty and extreme poverty levels. The projected poverty increase in Colombia and the rest of the region would be mainly due to “uncertainty, inflation (particularly in food and energy), and a deceleration of economic activity and trade,” said ECLAC. The causes of the expected increase in poverty
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