How Cobots are Replacing Conveyor Belts in SMEs Market 2025
Inflation Rate for Food in Latin America
By Shubhendra Anand , 17 May, 2023
Food is the most significant contributor to inflation in Latin America and the Caribbean (LAC). In Venezuela, the inflation rate is high for the food of Latin America, as per the data by the Food and Agricultural Organization of the United States (FAO). Venezuela saw an increase of 110.4 percent in the inflation rate until September, and Argentina also saw the second highest rate, 86.8 percent.
According to FAO, the three countries with low food inflation rates for the same period are Bolivia at 2.2 percent, Panama at 5 percent, and Ecuador at 7.1 percent. Also, FAO said that the average annual food inflation in the region was 43.9 percent in September 2022, but it did not exceed 23 percent globally.
The LAC region is still experiencing socio-economic factors on a national basis which might be a reason leading the inflation to rise. The United Nations development program says the Russian- Ukraine war and the pandemic have contributed to the consequences of these overlapping crises affecting the societies in LAC.
According to FAO, lower-income households are more vulnerable to food inflation, most probably due to the disproportionate budget allocation towards the spending on food.Inflation Rates in Latin America
Latest News
How Cobots are Replacing Conveyor Belts in SMEs Market 2025
In 2025, The “Cobots” Adoption in SMEs Market will Begin Transitioning as Small and Medium Sized Enterprises (SMEs) in Europe, Asia, and North America are cross-adopting collaborative robots (cobots) to enhance intralogistics and material handling…
IIoT Startups Secure Record Funding in Q2
The unprecedented funding of Industrial Internet of Things (IIoT) startups in Q2 marks a new record, indicating strong investors' confidence against the backdrop of an ongoing digital transformation. IIoT startups seem to be enjoying the animated…
How Tesla and BMW Slashed Downtime Using Predictive Maintenance in 2025
By 2025, Tesla and BMW have adopted predictive maintenance as a way to optimize operations within the automotive industry. Both companies have established AI maintenance systems to address equipment failures which has greatly improved unplanned…
Africa Off-Grid Solar Solutions Rural Electrification Market Sees Surge in Investment and Innovation in 2025
In 2025, Africa is witnessing significant transformation in the off-grid solar drive rural electrification. With a fast-growing population, and steady expansion of commercial sectors, the demand for clean and affordable energy solutions has been…
Policy Shifts and Economic Impact on India MedTech Market in 2025
The India MedTech market in 2025 is set for profound shifts owing to new regulations as well as the increased focus on domestic manufacturing. With the post-pandemic healthcare needs soaring, the government's policy spending in 2025 aims to turn…
Shubhendra Anand
Head Research
Latest News
IIoT Startups Secure Record Funding in Q2
How Tesla and BMW Slashed Downtime Using Predictive Maintenance in 2025
Africa Off-Grid Solar Solutions Rural Electrification Market Sees Surge in Investment and Innovation in 2025
Policy Shifts and Economic Impact on India MedTech Market in 2025
