Panama: Increase of Cost of Life Predicted
PANAMA - The increase of the cost of life in
Panama is much more an option much closer to
the local consumers with predictions going
to the raise of price of goods and services
in 2010.
The National Authority for Public Services (ASEP)
predicted an adjustment to increase in the
electric tariffs starting in January for
those who exceed 500 kilowatts per hour.
The productive sector expects an increase in
the prices of inputs and fuel and this will
be definitely transferred to the Panamanian
citizens.
The local new minimum salary decided by the
Executive will have a negative effect since
it will definitely affect consumers.
Leaders from the Panamanian Industrial Trade
Union said they are evaluating the impact of
such factors to determine the magnitude of
the price increases.
One of the elements generating a greater
uneasiness is the basic family basket, which
will suffer the pressure of the governmental
measures.
Another element is the complicated situation
created by El Niño, with predictions on
affectations in crops and cattle breeding. |
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