A comparative analysis of costs and nominal annual interest rates has been released giving details for the first week of May 2013 for credit cards and financing cards.
From information published by the Consumer Authority of Panama:
"Credit Card: Magnetic instruments, electronic instruments or other technology related to a credit agreement contract previously concluded between a financial intermediary and another person, in order to facilitate a lease or obtain goods and services or obtaining cash from businesses affiliated to the system. "
A new high for fuels has gone into effect in Panama, where the social pressure cooker will be making steam as a result of the high costs of necessities.
The Authority for the Protection of the Consumer and the Defense of Competition announced that 95 octane gasoline is going up by five American cents, to 3.90 dollars a gallon.
The price of 91 octane gasoline and diesal fuel will rise 14 cents to 3.70 dollars a gallon.
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