Food inflation rose in Latin America and the Caribbean

It went from 7.8% in April to 8.1% in May last year, which is a rate close to the average it has had in the last year and a half. Food inflation in Latin America and the Caribbean rose from 7.8 percent in April to 8.1 percent last May, a rate close to the average over the past year and a half (8.3%), the FAO regional office reported today. And.

According to the latest monthly price report of the Food and Agriculture Organization of the United Nations (FAO), the rate recovery last May was due to a slight increase in seven of the nineteen countries analyzed in the region.

In the same period, food prices fell in Aruba, Chile, the Dominican Republic, Ecuador, Nicaragua, El Salvador and Uruguay.

By region, in South America, decreases were recorded in Chile, Ecuador and Venezuela.

In Bolivia, food inflation rose 1.1% last May to 3.9% over the past twelve months, below headline inflation.

The highest rate is in Argentina, at 10.7%, after an increase of 0.7% in May.

In Mexico and several Central American countries, such as Panama or Costa Rica, food inflation increased by more than one percentage point in the past year.

In Aruba and the Dominican Republic, the rate fell by about half a point between last April and May.

Food inflation in the Dominican Republic was 4.3 percent, which is the lowest in the last two years in the Caribbean country.

In the countries where food prices have risen, the regional office of the FAO pointed out, the price increases of chicken and beef and tomatoes stand out in particular.

Source: Agencies

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