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  HOME | Latin America (Click here for more)

Food Inflation in Latin America Inches Up 0.50%, FAO Says

SANTIAGO Food prices in Latin America and the Caribbean increased 0.50 percent in September, up 0.10 percentage points from the August level, the UN Food and Agriculture Organization, or FAO, said in a report.

In Costa Rica, El Salvador and Nicaragua, food prices decreased in September, while food inflation slowed in Guatemala, Haiti, Panama and Honduras, compared to August.

Mexico and the Dominican Republic experienced faster rises in food prices.

In September, consumers paid less for food in Paraguay and Peru, while in Argentina, Chile and Uruguay consumers dealt with a slower rate of food inflation.

The rate of food price inflation was faster in September than in August in Bolivia, Brazil, Colombia and Ecuador, the FAO said.

In several countries surveyed by the FAO in the region, food prices were driven up by what consumers had to pay for chicken, tomatoes and onions.

Consumers in six countries, however, paid less for potatoes.

The FAO food prices index in September increased 0.80 percent over August, but it was 18.9 percent below the level in September 2014.

Prices for sugar and dairy products rose in September, while all other basic food products remained flat or slightly below the August level, the report said.

 

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