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April 9, 2022
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Basic food basket registered an increase of $12.47 in one year


In the distribution of the 10 food groups, meats represented $95.98; followed by cereals, with $45.39; among others.

Basic food basket registered an increase of $12.47 in one year

Basic food basket recorded an increase of $12.47 in one year. Photo: Illustrative

In Panama, the monthly report prepared by the Authority for Consumer Protection and Defense of Competition (Acodeco), which includes the price of the 59 products in the food basket in supermarkets and grocery stores in the districts of Panama and San Miguelito , registered an increase of 12.47 dollars in March, when compared to the same month last year. Last month, the basket had an average cost of $275.65.

A difficult situation for consumers’ pockets amid the announcements of increased sea freight, increased costs of raw materials and agricultural supplies, factors that could impact the price of some products in the basket in the future.

In the distribution of the 10 food groups, meats represented $95.98; followed by cereals, with $45.39; among others.

Although meat and cereals have the highest value in the cost of the basket, in March they registered a slight decrease. However, it is anticipated that the high cost of some grains after Russia’s invasion of Ukraine could have an effect on the price of these foods for the coming months, some producers commented.



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