How to Know if You Can Raise Prices Successfully?Thursday, June 24, 2021 If the products and services sold include aspects that are highly valued by customers and our prices have evolved below market rates, it means that it is feasible to raise marketing prices. Ariel Banos, founder of Fijaciondeprecios.com, describes the signs that should be analyzed by businessmen at the moment of applying an increase in the prices of the products and services marketed. Economy: How to Explain Price Escalation?Thursday, June 10, 2021 Fifteen months after the beginning of the health and economic crisis, Guatemala, Honduras and Nicaragua are the economies in the region with the highest inflation rates, a behavior that was influenced by increases in fuel and transportation costs. In the second quarter of 2020, a period in which the countries of the region were going through a severe economic crisis caused by the Covid-19 outbreak, inflation levels were low and in some economies negative variations were reported. Central America: Fuel Prices as of March 24Monday, March 23, 2020 Price per gallon of regular gasoline: Costa Rica $3.87, Nicaragua $3.28, Honduras $3.27, Guatemala $2.93, El Salvador $2.54 and Panama, $2.81 From the Ministry of Economy report of El Salvador: Dominican Republic: 3.7% Inflation up to February 2020Tuesday, March 10, 2020 During the second month of the year, the CPI registered a 3.7% year-on-year variation, which is less than the 4.1% reported in January 2020. The variation in the Consumer Price Index was -0.13% in February compared to January 2020, placing accumulated inflation in the January-February period at 0.20%. With this result, year-on-year inflation measured from February 2019 to February 2020, reached 3.66%, below the center of the target range of 4%±1% established in the Monetary Program. Central America: Fuel Prices up to March 10Monday, March 9, 2020 Price per gallon of regular gasoline: Costa Rica $3.82, Nicaragua $3.61, Honduras $3.39, Guatemala $2.99, El Salvador $2.98 and Panama $2.81. From the Ministry of Economy of El Salvador report: Costa Rica: Inflation Accelerates in FebruaryMonday, March 9, 2020 In the second month of the year the CPI registered a 1.79% year-on-year variation, an inflationary rhythm that exceeds the 1.58% reported in January. Of the 315 goods and services that make up the consumption basket, 50% increased in price, 41% decreased in price and 9% presented no variation, informed the National Institute of Statistics and Census. Central America: Fuel Prices up to February 25Monday, February 24, 2020 Price per gallon of regular gasoline: Costa Rica $4.10, Nicaragua $3.51, Honduras $3.39, El Salvador $2.95, Guatemala $2.92 and Panama $2.81. From the report of the Ministry of Economy of El Salvador: Central America: Fuel Prices up to February 11Monday, February 10, 2020 Price per gallon of regular gasoline: Costa Rica $4.08, Nicaragua $3.52, Honduras $3.51, El Salvador $2.96, Guatemala $2.96 and Panama $2.81. From a statement by the Ministry of Economy of El Salvador: Costa Rica: 1.6% Inflation at the Beginning of 2020Friday, February 7, 2020 During January, the Consumer Price Index registered a 1.58% year-on-year variation, a rise that was influenced by the increase in the prices of Rent and housing services, and Education. Out of the 315 goods and services that make up the consumer basket, 48% increased in price, 44% decreased in price and 8% showed no variation, reported the National Institute of Statistics and Census. Central America: Fuel Prices up to January 28Monday, January 27, 2020 Price per gallon of regular gasoline: Costa Rica $4.07, Nicaragua $3.52, Honduras $3.45, El Salvador $3.04, Guatemala $3.02 and Panama, $2.83 From a statement by the Ministry of Economy of El Salvador: Central America: Fuel Prices up to January 14Monday, January 13, 2020 Price per gallon of regular gasoline: Costa Rica $4.07, Nicaragua $3.52, Honduras $3.45, El Salvador $3.04, Guatemala $3.02 and Panama $2.83 From the Ministry of Economy of El Salvador's statement: Honduras: 4% Inflation at the End of 2019Friday, January 10, 2020 The variation in the price of some foods of agricultural origin, transport and health, determined the 4.08% year-on-year increase in the CPI reported in December last year. In December 2019, the Consumer Price Index (CPI) showed a 0.42% variation (0.19% in December 2018), reflecting the price increase in some foods of agricultural origin, transport and health. Inflationary Rhythm Still DeceleratingFriday, December 6, 2019 In Costa Rica, the inflationary rhythm slowed for the fourth consecutive month, as in November the CPI reported a year-on-year variation of 1.86%, below the 2.07% reported in October. During November, the goods and services that showed the greatest positive effect were: onion, gasoline and tourist packages. On the other hand, automobiles, papaya and tomatoes were among the main ones with the greatest negative effect, informed the National Institute of Statistics and Census. Central America: Fuel Prices up to December 2Monday, December 2, 2019 Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.52, Honduras $3.45, El Salvador $3.07, Guatemala $3.05 and Panama $2.86. From the Ministry of Economy of El Salvador statement: Central America: Fuel Prices up to November 18Monday, November 18, 2019 Price per gallon of regular gasoline: Costa Rica $4, Nicaragua $3.56, Honduras $3.44, El Salvador $3.06, Guatemala $3.06 and Panama $2.86. From the Ministry of Economy of El Salvador statement: |
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