Shortage of ¢1 Coins Affects Consumers
THE common practice by retailers of adjusting the price of products to the nearest multiple of five is costing Costa Ricans an important sum of money each time they go to the grocery store, the daily La Nación reported.
For example, a liter of Dos Pinos brand milk is usually advertised as costing ¢227 ($0.53). However, it really sells for ¢230 ($0.54), since few customers are able to pay the exact amount as a result of the unavailability of ¢1 coins.
The Economy, Industry and Commerce Ministry (MEIC), the institution in charge of protecting the rights of consumers, says it s aware of consumer complaints about the situation, but admits rounding up or down is permitted under Costa Rican law.
Economy Minister Gi lberto Barrantes recommended consumers shop around and compare price and quality to make the best decision when buying food.
In related news, the price of rice the only product for which the government still sets the prices increased by ¢26 ($0.06) per kilo on Monday.
Two-kilo bags of raw rice will increase from ¢484 ($1.14) to ¢536 ($1.26). One kilo bags of precooked rice will increase from ¢238 ($0.56) to ¢264 ($0.62).
You may be interested
Unemployment and underemployment rates remain high in Costa RicaAlejandro Zúñiga - December 3, 2020
Unemployment in Costa Rica was 21.9% in the August-October quarter, slightly lower than the previous period but still significantly higher than the…
Saprissa, Alajuelense qualify for Champions LeagueThe Tico Times - December 3, 2020
Costa Rica's two most-popular soccer clubs will represent the country at the 2021 CONCACAF Champions League. Deportivo Saprissa and Liga…
CCSS conducts ‘mega transfer’ of COVID patients from full hospitalAlejandro Zúñiga - December 3, 2020
The Costa Rican Social Security System (CCSS) on Wednesday conducted a large-scale transfer of coronavirus patients from a saturated Escalante Pradilla…