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A Reuters poll of analysts raised expectations for Colombian inflation to 3.66% by year-end, up from 3.50% in the prior month's survey and further above the central bank's 3% target. The increase is attributed to food price pressure and a 17.2% depreciation of the peso over the last 12 months, with the peso trading at record lows against the dollar.
Analysts also cited a long-running highway closure that disrupts agricultural flows to the eastern plains.
A weaker peso raises the local-currency cost of imported feed ingredients and the highway closure constrains regional farm supply, both supporting higher feed and food input costs in Colombia. The story is primarily a macro inflation outlook with limited direct effect on global grain or meal prices.
uk.headtopics.comReutersAug 29, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
