Food prices on the rise
More money is now needed to buy some essential food products. According to Antonio Cruz Rojas, executive vice president and secretary-general of the National Board of Shopkeepers and Businesses in the Dominican Republic (Conacerd), several goods are now more costly. Among these is the 125-lb sack of brown sugar, which has increased by RD$300 to RD$2,700, and white sugar, which has risen by RD$250. Garlic is up by RD$40 a pound to RD$150. Factor in an additional 20-25% as these are wholesale prices.
Cruz Rojas said that he thinks that the increases are due to the depreciation of the peso to the US dollar. The peso is now at RD$50.96 to the dollar. Prices for beans, onions, potatoes, rice and spaghetti have all increased as well along with powdered milk, oil, soda, corn, peas, cigarettes and rum.
Source: DR1, DiarioLibre
July 25, 2019
Category: DR News |