Efectos en ciudadanos de a pie: lo que subiría por el alza del dólar – Finanzas Personales – Economía

The The dollar’s rise has generated uncertainty in the markets and in the country. Even its volatility has made it reach above 4,600 Colombian pesos. And, for the moment, it remains above 4,500 pesos.

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However, This variation has seen its effects on the markets and investments. However, experts agree that it will also affect ordinary citizens.

For Carlos Sepúlveda, dean of the Faculty of Economics at the Universidad del Rosario, the first impact will be on imported products, having a reflection on household spending.

One of the items affected are technological items, which represent a large part of imports made in the country, and would increase in price.

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The effects will also be in food.

“A large part of the food production chain imports fertilizers and inputs of different types. This causes food prices to be affected. In general, inflation is going to be seen,” he points out.

The expert clarifies, in turn, that the strongest effect is on the poorest households. “Those households that are not poor, but are vulnerable and are on the edge of poverty, will see higher inflation and will fall into poverty”Sepulveda explains.

And he clarifies that the consequences depend on the conditions of each home. For example, the bullish streak will impact those who have debts in dollars and investments in this currency.

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For his part, Juan Camilo Pardo, an economist and member of Corficolombiana, assures that the devaluation of the Colombian peso against the dollar will have an impact on the goods traded.

In the country there are some key inputs in agriculture for the local production of food such as corn and soybeans, which are important to give balanced feed to the animals that is used for the cows”given.

And other major affected will be processed foods. “When there is a devaluation in the exchange rate, imported goods have a higher cost when converted to local currency and this ends up affecting the cost of inputs for agricultural producers, which ends up translating into higher food inflation” , he assures.

Another sector that would have problems would be the import of cars and vehicle parts, as well as cleaning and personal care products.

The effect is not only on the markets, but also on ordinary peoplePardo points out.

On the other hand, those goods produced in Colombia that are sold abroad will tend to be more competitive.