Chance of a Thunderstorm
Weather for San José:
High 33° / Low 19°
Chance of a Thunderstorm
Click here for six-day forecast for 16 communities across Costa Rica!
CLICK HERE TO
SIGN UP FOR OUR FREE DAILY NEWSLETTER
BUY
541.00
SELL
553.00
BUY
584.60
SELL
614.60
BUY
406.18
SELL
430.18
Banco BAC
Banco BCR
Banco Nacional
Banco Popular
Banco Scotiabank

Study: Central Americans Worry Most About Increasing Cost of Food

Share this article

Food Prices Costa RicaMore than 80 percent of Central Americans feel that prices of basic goods are constantly rising and 73 percent say that they have a limited budget for making purchases, according to a market study by Consumer Watch 2013 released Tuesday.

The survey carried out by the Kantar WorldPanel company last February and March among 3,000 homes in the six countries on the isthmus found that the issues of greatest concern to the public in the region are inflation and security.

According to the report, despite the fact that inflation in countries like Costa Rica has declined over the past three years and does not exceed the 5 percent forecast by the Central Bank – standing at just 3.64 percent so far this year – it is the issue that most concerns Panamanians (68 percent), Guatemalans (70 percent), Nicaraguans (66 percent) and Costa Ricans (56 percent).

The business director for Kantar WorldPanel in Central America, Emma Ortiz, told Efe that despite the fact that inflation is currently rising at a slower pace than in some recent years, the sample “represents the population in the countries where the great majority of people (are on the) lower socio-economic level and (they) certainly feel that increase in prices.”

The other issue that most concerns Central Americans is the lack of security, especially in Honduras, where 80 percent of those surveyed said they feel that it is the country’s main problem. In El Salvador, 66 percent of the residents are of the same opinion.

In Costa Rica and Guatemala, security is the second-major problem, according to those surveyed, but it does not figure among the top concerns for Panamanians or Nicaraguans.

Kantar WorldPanel is a London-based firm that has performed this survey periodically over the past nine years to analyze consumer behavior in Latin America.

Article by Hispanically Speaking News

Print Friendly

Related Articles

Costa Rica Economy Prompts Negative Outlook for ICE Bonds

Fitch Ratings has affirmed Instituto Costarricense de Electricidad y Subsidiarias’ (Grupo ICE) [...]

New Tech Services Center in Costa Rica Offers More than 100 Jobs

San Jose, July 21st 2016. Getinge Group announced the establishment of its new Shared Services Center [...]

Scotiabank Costa Rica Receives Major Unsecured Loan

Banco Latinoamericano de Comercio Exterior, S.A. (“Bladex” or “the Bank”; NYSE: [...]

Mystery of Costa Rica Rail Director’s Resignation Solved

A revolving door cabinet has been an unfortunate staple of the administration of President Luis Guillermo [...]

Concentrix Adds 700 More Positions in Costa Rica

By Wendy Anders Concentrix is a high value business services company operating in 25 different countries [...]

Tigo Business Brings Microsoft Cloud OS Network to Costa Rica

Stockholm – July 13th, 2016 – Millicom’s Tigo Business brand and Microsoft today announce a Microsoft [...]

New Money Transfer and Remittance Service in Costa Rica

Sharemoney, Omnex Group’s online money transfer service, is expanding services to include money [...]

Investors See Lower Expectations for Costa Rica Economy

The latest Central America Country Risk Report by Business Monitor International is now available, and it [...]