Honduras: 30 Day Price Fix for Staple Foods

The government has set maximum prices that may be marketed, for the next 30 days, on fifteen basic food products, including pork, eggs, beans and coffee.

Tuesday, November 29, 2011

The Ministry of Economic Development has classified the most consumed products at this time of year in order to avoid increases and maintain price stability. The measure takes effect from today in all markets in Honduras.

The Secretary for Economic Development, Alden Rivera told Laprensa.hn that "... The price list must be visible in markets and supermarkets. He said consumers should report any breaches and that Secretariat inspectors must carry out constant inspections. "

Among the regulated consumer products are: meat, maize flour, shortening, white bread, sugar, chorizo, chicken, and unrefined sugar, among others.



More on this topic

Price Control Declared in Guatemala

March 2020

The Ministry of Economy will be in charge of setting the average price list of the products of the basic basket that will be in force in the country.

Article 3 of the decree approved by the Congress of the Republic explains that "... the Ministry of the Economy will set the average price list as of March 15, 2020, for each of the 34 products that make up the Basic Food Basket in its different forms of presentation, unit, pound, quintal, etc."

Price Control: More Products Will Be Excluded

November 2019

At the beginning of the Cortizo administration the quantity of products with controlled prices in Panama was reduced from 22 to 14, and from January 1, 2020 the list will decrease to 7.

The gradual elimination of price control has been one of the actions that has strengthened the Cortizo administration, because since July 7, eggs, macaroni, beans, lentils, chop, marrow, breast and tuna, ceased to be part of the list of products, whose prices are controlled.

Panama: No More Price Control?

July 2019

The brand-new Cortizo administration announced that it will gradually eliminate the price control system for 22 products of the basic basket, in force since July 2014.

The measure, which was initially announced as temporary, became permanent in the country, as it came into force on July 7, 2014, and during the Varela administration it was extended nine times, leaving negative balances to the discretion of some sectors.

The Nonsense of Price Controls

October 2012

Government price freezes, which these days are seen as an option to maintain the price of basic goods in Honduras, always ends up hurting consumers.

The best solution to the problem is to "adopt policies to stimulate agricultural production."

The latter is what has been proposed in an editorial Tiempo.hn, after analyzing the Honduran executive’s decision to create a commission that will be responsible for presenting options to reduce the prices of the products that make up the basic basket.

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