The end of the year is a good moment to take stock of a company's pricing strategy and assess possible changes.
Ariel Baños, specialist inpricemanagement, explains the main steps to follow in order to successfully define the most appropriate pricing strategy for every organization.
In addition to revolutionizing the concept of transport in cities, Uber is also an example of how trends in price management are changing within companies.
The processes and methods followed by businesses to determine the sales prices of their goods and services are changing as fast as the tastes and preferences of consumers. Products whose prices often vary after a few hours, and "custom" prices are some of the new trends that companies are now following when setting prices. As Ariel Baños explains, the controversial and revolutionary company Uber is a very good example of new ways to set prices today.
The range for the rate in colones is from 0.62% to 6.96% in 12 months and for dollars it is between 0.60% to 4.19% over 12 months.
The first calculation of the Interbank Reference (TRI by its initials in Spanish) by the Chamber of Banks and Financial Institutions (CBIF) notes that in colones the rate starts at 0.62% for one month and ends at 6.96% for 12 months.
Along with the interbank reference rate in colones, which the Chamber of Banks and Financial Institutions will begin publishing on March 23, another reference rate will be added, but in dollars.
From a statement issued by the Banking Association of Costa Rica:
San Jose Costa Rica. Monday February 22, 2016. Last November, the Board of Directors of the Chamber of Banks and Financial Institutions agreed to publish an Interbank Reference Rate (TRI by is initials in Spanish) serving as a reference for setting interest rates on loans in colones in the market.
A bill removes technical independence from the Regulatory Authority for Public Services and compels the entity to be subject to "guidelines and policies of the Executive Branch."
From a statement issued by the Chamber of Industries of Costa Rica:
The Chamber of Industries of Costa Rica is warning of the dangers on the proposal to amend the ARESEP Act.
From May 26 a new pricing benchmark will come into effect for the development of energy generation using renewable sources.
The information published on the website of the Ministry of Energy and Mines of Nicaragua indicates prices in $ per MWh as a reference for the development of renewable projects.
Source Minimum Maximum
Wind 66 80
Geothermal 74 92
In April, the consumer price index showed a variation of 0.39%, reflecting an increase in prices of food, beverages, restaurants, hotels and transportation.
The reported inflation was greater by 0.77% than the amount of inlfation in the same period in 2014, which was 4.90%. Moreover, the division of Food and Non-Alcoholic Beverages was the largest contributor to inflation in April, with 0.266%, while the division of hotels and restaurants contributed 0.07% to monthly inflation.
Keeping the same pace of deceleration seen in recent months, annual inflation in April was 1.81%, registering a negative monthly variation of 0.08%.
The most significant price reduction in April was seen in the transport sector, with a negative variation of 5.44%, followed by clothing and footwear, with a negative rate of 1.11% sector.
From a statement issued by the National Institute of Statistics and Census (INEC)
In March, the consumer price index recorded a rise of 0.68%, placing accumulated inflation in the first three months of the year at 0.93%.
From a report by the Central Bank of Honduras:
Monthly inflation, measured by the change in the Consumer Price Index (CPI) was 0.68% in March 2015; explained, in part, by the increase in prices of: electricity supply in housing; transport (due to the rise in fuel prices); and foodstuffs.
In March the consumer price index showed a variation of 0.38%, mainly due to the increase in prices of Transportation, Recreation and culture and restaurants and hotels.
From a report by the Central Bank of Nicaragua:
March's monthly inflation stood at 0.38% (-0.01% in December 2014), mainly determined by price increases in the divisions of transport (2.12%); recreation and culture (2.26%); and restaurants and hotels (0.70%), which together contributed 0.310% to the observed variation. In contrast, the division of food and non-alcoholic beverages showed the opposite behavior with -0.38% (-0.140 pp).
Sand, concrete, wood and cement, are some of the building materials which continue to show an upward trend, of up to 7%, compared to the previous year.
From a report issued by the National Statistics and Census (INEC):
Comments on the Indices of Retail Prices of Major Building Materials (IPMC), available in the districts of Panama and San Miguelito: February 2015
The categories of Transport and Food accounted for the monthly increase of 0.31% in the consumer price index in February.
From a report by the National Statistical Institute of Guatemala (INE):
The most important results up to February 2015 are as follows: monthly rate of 0.31%, year on year rate of 2.44% and accumulated rate of -0.04%.
The monthly variation (0.31%) showed an acceleration compared to that observed in February 2014 (0.20%), the cumulative rate (-0.04%) showed a fall in the price level compared to February 2014 ( 0.45%) and the year on year rate (2.44%), recorded a de-acceleration compared with February 2014 (3.50%).
Education, housing, water and electricity were the sectors that accounted for the 0.72% increase in the consumer price index in February 2015.
From a report issued by the Central Bank of Nicaragua:
February's Monthly inflation closed at 0.72% (0.66% in December 2014), mainly due to the price increase in the divisions of education (5.80%); housing, water, electricity, gas and other fuels (1.64%); and transportation (1.80%), which together contributed 0.580% to the observed variation. In contrast, the division of food and non-alcoholic beverages showed the opposite behavior with -0.58% (-0.216%).
Caps imposed by the Superintendency on tariffs for telecommunications services restrict competition by preventing operators from offering more expensive packages to more affluent segments.
The telecommunications industry is requesting the freeing up of rates with the aim of letting the market itself be responsible for setting them, with oversight by the Superintendency of Telecommunications (Sutel).
In December 2014, the consumer price index recorded a monthly decline of 0.25%, closing the year at 5.82%, above the rate of 4.92% recorded in 2013.
From a report by the Central Bank of Honduras:
As of December 2014, the interannual variation of the Consumer Price Index (CPI) was 5.82%. In December the price level fell by 0.25% compared to the previous month, as a result of a decrease in the price of red beans, given the increased supply in the productive season, and the drop in the price of fuels national wide.