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Lower Increases in Food
Prices
The prices of basic
food products have kept on
rising, but they are doing so at
a slower pace than last year,
according to the National
Statistics and Census Bureau (INEC
in Spanish).
According to the
data available, in June 2005
basic food products had
increased 22 percent as compared
to June 2004, but this year the
increase through June was 11
percent as compared to the
preceding one.
Analysts point
out that this trend favors the
poor.
However, the list of
products of the so-called basic
basket includes the minimum
amounts of food required to
satisfy the calories needed by
the average person in the
country, but they are not an
ideal diet, just the necessary
minimum.
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