Tuesday 06 January
2009, San José, Costa
Rica
172 Vehicles Of
Drunk Drivers Parked In Tránsito Lots
INS Says It Is Ready For
Competition; Sutel
Taking Shape
FDA To Open Office In
San José
January Financial
Crunch May Not Be So
Steep This Year
Coffee Exports Up
41%
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January Financial
Crunch May Not Be So
Steep This Year
The "cuesta de Enero"
maybe just a little
easier uphill battle
this year as bread, rice
and gasoline prices are
expected to drop, making
it a little easier on
the pocket book after
the holidays.
The Christmas season
gift giving, parties,
vacations and
preparations for the
beginning of the schoold
year in February makes
January a difficult time
financially for many
families, even worse
with the world economic
crisis.
However, the "cuesta de
Enero" may not be so
steep this year with the
reduction of the price
of wheat and gasoline
around the corner.
The Refinadora
Costarricense de
Petróleo (RECOPE)
request for a reduction
in gasoline prices could
take effect by the
middle of January,
easing the financial
crunch for many. The
Autoridad Reguladora de
los Servicios Públicos (ARESEP)
is expected to announce
the price reduction in
the coming days, altough
the current events in
the Middle East may
negate an increase.
Carolina Mora,
spokesperson for the
ARESEP, said yesterday
that the regulating
agency is analyzing the
RECOPE request and
situation in the Middle
East before deciding on
a reduction or increase.
The price of bread and
baked goods will
definitely be dropping,
according to the
Ministerio de Economía,
Industria y Comercio (MEIC),
who has demanded a drop
of between 10% and 14%
in the consumer price to
reflect the drop in the
international price of
wheat.
The MEIC is also asking
for a reduction of 5% in
the price of rice.
The price drop is
expected to take effect
within the coming weeks
or first week in
February at the latest.
The MEIC was clear in
its statement that if
business does not drop
prices, a price drop
will be forced by way of
an executive order by
the government.
Public sector workers
will also get a helping
hand with preparing
their children for
school. All public
sector employees will
receive a bonus for the
purchase of school
supplies by January 22.
Private sector workers
on minimum salary will
receive a 7% increase on
the first pay day of the
year on January 15th. |
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