For October 2022, the annual variation in inflation reached 12.22%, a figure that is marked by the division of food and non-alcoholic beverages, which contributed 27.02% to this annual variation.
According to Dane, for the reference month, the greatest price increases were registered in the subclasses of cassava for home consumption (116.27%), onion (97.55%) and arracacha, yams and other tubers (96.23%)while the lowest price increases were reported in the subclasses of raw panela for home consumption (3.04%), carrot (5.89%) and concentrates to prepare soft drinks (6.23%).
(The products that hit the pockets of households the most this year).
For Jorge Bedoya, president of the Society of Colombian Farmers (SAC), this behavior is due to a series of factors such as the rise in the dollar, which makes imported inputs more expensive, the weather that affects harvests and the high demand for products, in a season in which food consumption in the country increases.
“The perfect storm is still over our sector, because now, thinking about the rest of the year, the dollar has broken the $5,000 barrier, the rains are getting worse in different areas of the country and the demand for food is increasing due to the proximity of the end of the year seasonBedoya told Portfolio, after knowing the inflation figures that were revealed this Saturday.
Jorge Enrique Bedoya, president of the SAC.
Juan Manuel Vargas – Weather
According to the president of the SAC, to reduce the impact there must be political decision and checkbook by the National Government to put into practice a series of tools that contribute to reducing the impacts that these factors can cause.
(Inflation: the products that became more expensive due to the rise of the dollar).
For Bedoya, the Government must resort to the interest rate subsidy for small and medium-sized producers, the subsidy for insurance coverage against rains, the agricultural guarantee fund, and it must also maintain tertiary roads to distribute the food that are produced in the country taking into account the climate that could lead to future rises in inflation in the short and medium term.
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