Wednesday, 07 December 2022 15:56

Inflation in Latin America from january to july increased 12.4%: ECLAC

Written by Evelyn Alas

The Economic Commission for Latin America and the Caribbean (ECLAC), the Food and Agriculture Organization of the United Nations (FAO) and the World Food Program through a statement released that in Latin America food inflation has accelerated more than general inflation since 2020.

In Latin America and the Caribbean, food inflation has accelerated more than headline inflation since 2020. In July 2022, food inflation reached 12.4% versus 8.4% for headline inflation. Between august and october, food inflation declined less than headline inflation.

Precios de los alimentos han subido un 14.2 % en un año en El Salvador | El  Economista

The 12-month regional food price index reached 11.7% in september 2022, compared to 7.1% for headline inflation. According to FAO, the food price index, measured in real terms, reached an all-time high of 156.3 points in march 2022.

El costo de vida más alto del siglo ya no es solo por alimentos, ¿Por qué  es más riesgoso para los hogares?

According to the statement issued by ECLAC, FAO and the World Food Program, food inflation increases the risk of problems of access to a healthy diet, food insecurity and hunger as it affects lower-income households the most.

The war in Ukraine has directly affected international trade in crude oil, natural gas, cereals, fertilizers and metals.

Cuánto han subido los precios de 10 alimentos básicos y los combustibles en  este año?

Finally, the report emphasizes that the complexity and magnitude of the policies required to reconcile emergency responses with the reduction of structural and fiscal problems demand coordination in various areas, macroeconomic, social and productive, and the articulation of responses at the regional level.

Translated by: A.M