From Infobae · · 1m 10s
Colombia's Grilled Chicken Price Soars 6.78% in a Year
Colombia's grilled chicken prices jumped 6.78% annually, driven by labor costs and food shortages.
In brief
Colombia's grilled chicken prices jumped 6.78% annually, driven by labor costs and food shortages. Colombia's grilled chicken prices rose 6.78% yearly due to labor, utilities, and food supply costs. Originally reported by Infobae.
Grilled Chicken Price Surge
Colombia's average grilled chicken price reached $43,703 in October after a 6.78% annual increase.
Medellín's Highest Price
Medellín had the highest price at $52,670, an 18.42% annual increase from the previous year.
Price Variations by City
Villavicencio and Bogotá followed with $44,800 and $44,520, while Tunja had the lowest at $36,450.
Economic Factors Behind the Rise
Labor costs, utilities, and rent pressures drove the price increase, not just chicken prices.
Analyst Insights
Nicolás Cruz Walteros noted that food staples like corn and soy impact chicken production costs.
El Niño and Future Pressures
El Niño weather and labor cost hikes could keep chicken prices rising through 2026.
Inflation Projections
Colombia's food inflation is expected to reach 9.5% by year-end, driven by seasonal factors and weather.
The key point
Colombia's grilled chicken prices rose 6.78% yearly due to labor, utilities, and food supply costs.
