Petro assures that reduction in cost of family basket is the result of production stimuli and agrarian reform
President Gustavo Petro Photo: EFE Ricardo Maldonado Rozo
TL;DR
- President Gustavo Petro attributes the 1.8% annual decrease in the cost of basic goods (February 2025-February 2026) to his administration's policies.
- He links the lower prices to increased agricultural production and rural employment, suggesting greater food availability and national wealth.
- The cost of the basic basket dropped from $151,188 to $148,567.
- Significant price drops were noted in powdered detergent (-12%), campesino cheese (-5.8%), pastusa potato (-3.1%), and rice (-2.9%).
- Some fresh foods like chicken breast, onion, plantain, and tomato saw price increases due to climate and logistics volatility.
- Petro predicts this will reduce poverty and improve living standards, with a more pronounced drop in inflation.
- Bogotá had the highest basket cost ($152,479), while Villavicencio had the lowest ($145,679).