Price Controls Proposed in Honduras

The private sector is opposed to the government's proposal to freeze prices for a group of consumer products.

Tuesday, December 16, 2014

Employers propose replacing the price freeze measure with the establishment of a suggested price for products that are included in the basic basket and the further strengthening inspection measures at points of sales, so that prices remain stable.

Emin Jorge Abufele, president of the Chamber of Commerce and Industries of Cortés, told that "... The phenomenon exists mostly at the retail level and the solution is simple. A freeze on prices is not needed because that would create a dam. The right thing is to promote competition, because the more competition there is, the better prices will be for the consumer. "

"... a meeting has been scheduled with Minister Alden Rivera in order to put forward the suggestion. According to consumer reports the basket in recent months has risen by 25%. The sectors of agribusiness and the productive sector in the north say they have not increased prices. "

More on this topic

Honduras: Price Controls Implemented

November 2015

Despite opposition from the business sector, the government has frozen the prices of 20 basic food products and is considering including more.

The products included in the price stability agreement are: beef, pork, chicken, sausages, eggs, bell peppers, onions, tomatoes, potatoes, carrots, squash, coffee, rice, beans, corn, wheat and corn flour, butter, milk, sugar and banana leaves, and their derivatives.

Honduras: Objections to Price Controls

March 2015

The private sector is opposed to the government's decision to freeze prices of 19 products until April 21.

Private sector representatives in northern Honduras argue that this measure will cause shortages of the 19 products most in demand in the holiday season.

Emin Abufele, president of the Chamber of Commerce and Industries of Cortés, told that "...

Honduras: 30 Day Price Fix for Staple Foods

December 2014

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.

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.

Honduras: Private Sector Calls For Energy Imports

August 2014

The guild is demanding the government to open up the market in order to allow companies to buy energy from abroad and reduce dependence on state power supplies.

The private sector is seeking to solve the energy crisis in Honduras by asking for regulation to be made flexible in order to allow direct import of energy for companies.

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