Basic Food Basket Price Still Variable

Although one of President Juan Carlos Varela’s first actions as President was to freeze the prices of basic food products, consumers are not seeing cost savings.

The basic food basket includes 50 items and costs about $316, but prices are fixed on only 22 of these including milk, medium-sized eggs, vegetables, rice, tuna, processed American cheese, white bread, lentils and certain cuts of meat. Other essential items like household cleaners, personal hygiene products and meat are not controlled.

Varela, who ran on a “More Money in Your Pocket” campaign said the market distortion measure could save families $58 a month.

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