The national government extended it Executive Decree No. 165 of July 1, 2014 and its changes dictated by the price control measure of 18 products Basket with basic family food.
On December 21, the Commission for Harmonization of Prices recommended to the executive branch to extend the regulation by limiting the prices of 18 products in the basic food basket, according to a document published in National newspapers.
Through Executive Decree no. 29 of December 29, 2023he Ministry of Trade and Industry strives to curb price growth and provide unhindered access to basic food products from our basic basket.
The 18 products that remain under price control are: Steak with bone. ($2.55 a pound; $5.62 a kilogram), babila (lb 2.99; kg 6.60), cFirst-class ground meat (excludes special kosher and low-chisel meats). (lb 2.15; kg 4.74).
Whole panama chicken (with legs and head). (lb 1.18; kg 2.60), aFirst-class rice (all presentations). (0.40 lb; 0.88 kg), lLower quality 2nd grade lens. (lb $0.81; kg $1.79), apalm or soybean vegetable oil in a container of 1.42 to 1.5 liters. (each 3.74), mCarrot (spaghetti) in a package of 425-454 grams, excluding sizes 3 to 5, whole grain with carrot and spinach flavor. (0.63), cears 454 grams. (0.69), as itone in water, pieces, can of 170 grams. (1.31).
Sardines in tomato sauce, without spices, canned 155 grams. (0.51), lpowder (whole, instant with a proportion of 345 to 400 grams), excludes dairy foods, milk for growth and infant formulas. (3.76), pwhite mold, in 14-18 ounce packages (excludes whole grains, oats, rye, multigrain, eggs, milk, butter, raisins, light). (0.92).
pan de michita, white. (lb 1.40; kg 3.08), qAmerican yellow cheese, processed (with curd content less than 65%, excludes light varieties, with pepper, etc.). (lb 3.00; kg 6.61 and single piece 0.10 each), mNational ortadella with pepper (packaged) 454 grams. (lb 3.24; kg 7.15).
National sausage, Frankfurt, packed 454 grams. (lb 2.14; kg 4.72), ssausages containing beef (includes those sold in bulk or 1-pound packages; excludes imported sausages, smoked, cocktail, light, jumbo, gluten-free, Angus, kosher, low sodium, with cheese). (lb 1.19; kg 2.62).
In 2023, Directorate for Consumer Protection and Defense of Market Competition (Acodeco) recorded 942 fines for non-compliance with the price control measure in the total amount of $405,575.
He Executive Decree No. 165 of July 1, 2014 originally established for the temporary determination of maximum sales prices for 22 products from the basic family food basket, and by Executive Decree no. 11 of July 18, 2023, it was agreed to recommend to the executive authority the extension of the measure only for 18 of those products. ensure that a possible deregulation does not generate an unjustified increase in products that are considered the most sensitive, given the inflationary trend at the international level.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
