• TRM (USD/COP)COP 3,237.83 +0.30% +COP 9.57Colombia's official exchange rate (Financial Superintendence), valid Nov 7 to Nov 9
  • EuroCOP 3,624.08 +0.55% +COP 19.74Reference: TRM crossed with the European Central Bank rate of Nov 9; not the market quote
  • Mexican pesoCOP 173.95 +0.78% +COP 1.35Reference: TRM crossed with the European Central Bank rate of Nov 9; not the market quote

Agricultural prices slowed their rise in October, but the effect on consumers would not be immediate

FinanceColombiaEl TiempoAI summary
Image: El Tiempo

The Agricultural Price Index of the Bolsa Mercantil de Colombia rose 0.22% in October versus September, when it had risen 1.72%. The annual variation fell from 5.86% to 4.79% and the index stood at 255.30 points. The exchange warned that this behavior does not imply an immediate reduction in the prices consumers pay due to lags and costs along the chain, and projects food inflation close to 6% by year-end.

In 40 seconds

  • The IPAP-BMC rose 0.22% in October, versus 1.72% in September; the annual variation fell from 5.86% to 4.79%.
  • 48.5% of the index's 33 classes recorded increases, fewer than in September; chicken, eggs and bananas pushed upward.
  • The Bolsa Mercantil projects food inflation close to 6% by year-end, with a point estimate of 6.2% for December.
Read the full story at El Tiempo

IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.

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