They alert for a new rise in the price of food in Colombia: this is expensive

Thursday 08th May 2025 08:56 AM

The price of food in Colombia would be protagonists again in the final result of inflationthat indicates the most recent monetary policy report of the Technical Team of the Bank of the Republic.

Several facts would explain the result, among which the country would see new pressures on the side of some international products, including some supplies. A coup on the side of the taxes that were included in the last tax reform is also expected.

Inflation would remain outside the target range of the Bank of the Republic in 2025. Photo: Valora Analitik

The document says that the price of food in Colombia was reviewed upwards in 2025 On account of higher international and expected international prices for some agricultural raw materials.

“This review is based on a higher path for the IPC of processed foods, due to the effects of international prices of agricultural supplies and products for Colombia greater than those anticipated in the January report,” the report says.

There are pressures for inflation in Colombia. Inflation. Photo: Value Analitik

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With this base, the price of food in Colombia shows a forecast path that would range between the 3 % and 4.5 % depending on the productive cycle of perishable foods.

The latter “is expected to continue under favorable climatic conditions and with an agricultural offer that would be sustained at the high levels reached in 2024 and early 2025”.

One of the key points on which the report explores is noticed that by the end of 2025 The prognosis contemplates the upward, but transitory impact, from the increase in healthy taxes.

“With all this, the annual variation of the Food CPI would be, in its most likely path, of 4.6 % (3.3 % in the previous report) and 2.5 % (2.4 % in January) at the end of 2025 and 2026, respectively.”

Behavior of food prices in Colombia. Image: Bank of the Republic

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Finally, the technicians of the Bank of the Republic say that the forecast path has associated high uncertainty, “since it is partially based on the Behavior of the production and distribution of perishable foods, a group subject to high volatility and multiple supply shocks ”.