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PRESS ROOM
Calendar 8/3/2024

Fresh fruits and vegetables, the major influencers in the variation of the CPI for food and non-alcoholic beverages in February

Frutas frescas y hortalizas, los que más influyeron en la variación del IPC de alimentos y bebidas no alcohólicas en febrero

The division of food and non-alcoholic beverages recorded an increase of 0.54% compared to the previous month, positioning 0.55 percentage points below the national CPI average. 
In comparison with February of the previous year, there was an increase of 1.89% in the prices of food and non-alcoholic beverages. This annual variation is the lowest in the last 62 months.


Bogotá D.C., (@Minagricultura, @UPRAColombia, @claudialili76). The Rural Agricultural Planning Unit (UPRA) presents an analysis of the Consumer Price Index (CPI)​ provided by the National Administrative Department of Statistics (DANE). It was evidenced that in February 2024, the division of food and non-alcoholic beverages experienced an increase of 0.54% compared to the previous month. This variation positioned itself 0.55 percentage points below the national CPI average, consolidating as the fifth division with the lowest variation during the month.
 
Monthly variation of the CPI by expenditure division- February 2024 

Variación mensual del IPC por división de gasto febrero 2024​
In comparison with February of the previous year, this monthly variation was 1.06 percentage points lower, when an increase of 1.6% was recorded. Among the foods that contributed the most to the price increase are: fresh fruits (6.65%), fresh vegetables and legumes (3.83%), tomatoes (6.49%), rice (1.02%), and carrots (17.93%). On the other hand, the foods that experienced a decrease in prices were eggs (-2.2%), bananas (-4.82%), potatoes (-3.5%), onions (-4.75%), and edible oils (-1.8%).


"The behavior of the CPI for food and non-alcoholic beverages in February reflects both seasonal dynamics and structural factors that impact the prices of agricultural products. It is crucial to continue monitoring these indicators to understand trends and make informed decisions regarding economic matters and public policies," stated Claudia Cortés, director of UPRA.

Regarding the annual variation, in February 2024, the division of food and non-alcoholic beverages showed an increase of 1.89%, compared to the same month of the previous year. This figure is 5.85 percentage points below the national variation, becoming the second division with the lowest variation in this period.
Monthly behavior of consumer prices for key foods in February 2024 

Comportamiento mensual de los precios al consumidor de los principales alimentos en febrero de 2024
 

During the last 12 months, the products that most contributed to the increase in prices were fresh fruits (12.56%), poultry meat (7.33%), milk (5.46%), beef and derivatives (2.01%), and fresh vegetables and legumes (5.94%).

Meanwhile, the foods that experienced a reduction in prices in February 2024, compared to the same month of the previous year, were bananas (-33.4%), onions (-32.37%), potatoes (-19.62%), edible oils (-11.92%), and dry legumes (-13.64%). 
 
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