Recent natural disasters have had an impact on food prices. An earthquake and wildfires have contributed to a rise in food inflation. Grupo Cibest estimates that food inflation has reached 5.7% in August.

Further details on this estimate are available from the source. The events that led to this increase in food inflation are noted as an earthquake and wildfires.

The source of this information is Finance Colombia, which provides more information on the estimate by Grupo Cibest.