This morning the Food and Agriculture Organization of the United Nations (FAO) reported that food inflation in the Caribbean and throughout Latin America reached 8.9% in June compared with the same month of 2011.
This increase, which represents the highest level so far this year, is influenced by the increments in annual fees in Costa Rica, Mexico, Brazil, Ecuador and Argentina, while inflation fell in El Salvador and Paraguay, as reported monthly by the FAO Regional Office, in Santiago de Chile.
In Aruba, Haiti and the Dominican Republic, there were signs of a slowdown in their respective annual rates of food and general inflation. In these countries, annual food inflation was below 5%. While in Trinidad and Tobago is in the opposite situation: its annual food inflation reached 28.3% in June, not seen since late 2010.