Corficolombiana warns El Niño could pressure food prices in Colombia toward 2027
A Corficolombiana report says a possible El Niño phenomenon with very high temperatures would pressure food prices in Colombia, with a stronger effect on meat, milk, vegetables, fruit and rice. Although no significant impact is evident yet, the phenomenon's growing intensity suggests its effects could pass through to these prices toward the end of the year. The forecast indicates inflation would moderate to 5.5% in 2027, with a slow convergence to the target.
In 30 seconds
- Corficolombiana warns El Niño would pressure food prices in Colombia.
- Meat, milk, vegetables, fruit and rice would be the most affected products.
- The report forecasts 5.5% inflation in 2027, with slow convergence to the target.
Read the full story at Pulzo
IASummary generated by artificial intelligence from a story by Pulzo. It may contain errors: the original source prevails.
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