Saturday, December 16, 2017
Subscribers Section User ID Password
LATIN AMERICA / THE CARIBBEAN
Lower growth impacts poverty
2/21/2013
Send a comment Print this page

Inflation in food prices affects the poorest. “2012 ended with positive signs for the region as far as economic growth for Latin America and the Caribbean amounted to 3.1 percent, well above the advanced economies”

“2012 ended with positive signs for the region as far as economic growth for Latin America and the Caribbean amounted to 3.1 percent, well above the advanced economies,” ensured the Food and Agriculture Organization, or FAO, in the Food Security and Nutrition Quarterly Bulletin for October-December 2012, which was presented on Feb. 4.

However, the FAO points out that this growth represents a slowdown of 1.2 percent compared to the growth in 2011 and of 2.8 percent compared to the one in 2010. This means that the number of poor decreased by only one million people last year.

“Extreme poverty continues to affect 66 million people, or 11.4 percent of the region’s population, a number that has not changed since 2011,” declared Adoniram Sanches, FAO’s senior policy officer, during the presentation of the report in Santiago, Chile. “This is a bad sign for the fight against hunger, the rate of decline of which has been slowing down: between 2007-2009 and 2010-2012 hunger decreased only among one million people, from 50 million to 49 million, while between 2004-2006 and 2007-2009, it decreased four million, from 54 million to 50 million.”

According to the FAO, the reason why the number of cases of extreme poverty has remained constant is due to the 9 percent increase in food prices in 2012, similar to what occurred in 2011, which decreased real income of people in extreme poverty as they dedicate a large portion of their income to purchasing food.

The FAO warned about the impacts of food prices in inflation, pointing out that “inflation in food prices in the majority of the countries of the region is greater than the respective general inflation rates.” General inflation in the region was 6 percent in 2012, while food price inflation reached 8.9 percent.

“This inflation composition, higher in food than in other goods, affects homes in a differentiated manner and hurts the poorest the most,” pointed out Sanches. — Latinamerica Press.

LATIN AMERICA/THE CARIBBEAN
Inflation rate 2012 (%)

Country
General
Food Inflation
Venezuela
27.6
33.6
Haiti
9.7
11.1
Argentina
9.5
7.6
Uruguay
8.6
8.7
Nicaragua
8.0
9.3
Dom. Republic
7.8
9.3
Bolivia
6.9
6.9
Brazil
6.5
7.2
Panama
6.3
7.5
Guatemala
6.2
12.1
Honduras
5.6
1.9
Ecuador
5.4
6.8
El Salvador
5.1
3.1
Paraguay
4.9
3.9
Peru
4.7
8.0
Costa Rica
4.7
4.1
Chile
4.4
8.6
Mexico
3.8
5.8
Colombia
3.7
5.3

Source: FAO


Compartir
Related News
Latinamerica Press / Noticias Aliadas
Reproduction of our information is permitted if the source is cited.
Contact us: (511) 460 5517
Address: Comandante Gustavo Jiménez 480, Magdalena del Mar, Lima 17, Perú
Email: webcoal@comunicacionesaliadas.org

Internal Mail: https://mail.noticiasaliadas.org
This website is updated every week.