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Colombia's inflation rose to 3.8% in 2019 as particularly basic food prices soared
by Adriaan Alsema January 6, 2020
Colombia’s inflation rose to 3.8% in 2019 driven largely by soaring price hikes of basic food products, according to statistics agency DANE.
The increase in inflation was “good news,” DANE director Juan Daniel Oviedo told media on Friday, stressing that the Central Bank had projected this year’s inflation at 3.84%.
The inflation was not good news at all for the country’s lower class and those already living in poverty, who were hit hardest by the 5.8% price hike of basic food products and the price of education going up 5.75%.
. . .
High-income households were least affected by price hikes over the past year. They saw their cost of living go up 3.63% compared to 3.95% of low-income households.
More:
https://colombiareports.com/colombias-inflation-rose-to-3-8-in-2019-as-particularly-basic-food-prices-soared/
