{"id":27797,"date":"2020-01-14T10:45:44","date_gmt":"2020-01-14T15:45:44","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=27797"},"modified":"2020-01-14T10:45:44","modified_gmt":"2020-01-14T15:45:44","slug":"price-control-products-threatened","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/price-control-products-threatened\/","title":{"rendered":"Price Control: More Products Threatened"},"content":{"rendered":"<p><a href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/01\/food-basket.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-27798\" src=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/01\/food-basket.jpg\" alt=\"\" width=\"703\" height=\"401\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/01\/food-basket.jpg 892w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/01\/food-basket-300x171.jpg 300w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/01\/food-basket-768x438.jpg 768w\" sizes=\"auto, (max-width: 703px) 100vw, 703px\" \/><\/a><\/p>\n<p>Although at the beginning of the Cortizo administration it was announced that the price control system for the basic basket would be gradually removed, now the Panamanian president is threatening to add products that were already excluded again, if their prices rise.<\/p>\n<p class=\"description\">On January 7, it was confirmed that the price control on 14 products of the basic family <a class=\"hlink\" title=\"food\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22food%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">food<\/a> basket would be extended for six more months, a measure that was rejected by the <a class=\"hlink\" title=\"Panama\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Panama%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Panama<\/a>nian business sector.<\/p>\n<p>See &#8220;<a href=\"https:\/\/www.centralamericadata.com\/en\/article\/home\/Control_de_precios_De_temporal_a_eterno\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Price control: From Temporary to Permanent<\/u><\/a>&#8221;<\/p>\n<p>In mid 2019, when <a class=\"hlink\" title=\"Laurentino Cortizo\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Laurentino+Cortizo%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Laurentino Cortizo<\/a>&#8216;s administration began, the list of products subject to this control was 22, but the authorities who took over at that time decided to reduce it to 14. As a result of that decision, the country&#8217;s businessmen were confident that the measure could be gradually phased out.<\/p>\n<p>You may be interested in &#8220;<a href=\"https:\/\/centralamericadata.com\/en\/article\/home\/Panam_Adis_al_control_de_precios\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Panama: No More Price Control?<\/u><\/a>&#8221;<\/p>\n<p>Currently, the list of products for which <a class=\"hlink\" title=\"price control\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22price+control%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">prices are control<\/a>led includes flank steak, ribbon steak, ground beef, whole chicken, rice, onion, yam, national potato, perita tomato, cassava, powdered milk, sliced bread, processed American yellow cheese and sausages.<\/p>\n<p>The situation took an unexpected twist, as on January 9 Cortizo assured that he would not wait six months to make a decision, because &#8220;<em>&#8230; wherever I see the price of any of the products that are no longer part of the price control rise &#8230; at that very moment, I will include it again.<\/em>&#8221;<\/p>\n<p>Cortizo explained to Prensa.com that &#8220;<em>&#8230; I didn&#8217;t like the combination of the increase in the minimum wage, with the rise in some products and that&#8217;s why no more food was removed from the price control. There must be a balance and not always a sector must benefit.<\/em>&#8220;<\/p>\n<p class=\"link_source\">Source: <a href=\"https:\/\/www.centralamericadata.com\/en\/links\/follow\/9240681\" target=\"_blank\" rel=\"noopener noreferrer\">Prensa.c<\/a><\/p>\n<p class=\"link_source\">\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f16536-o1\" lang=\"\" dir=\"ltr\" data-wpcf7-id=\"16536\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/27797#wpcf7-f16536-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"16536\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.6\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f16536-o1\" 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the<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,255,246,244,260],"class_list":["post-27797","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-panama-real-estate-bocas-del-toro","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama-rent-in-boquete"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - 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