Shortage of ¢1 Coins Affects Consumers

April 23, 2004

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

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie
Keylor Navas
178 views
Keylor Navas
178 views

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie

AFP - December 11, 2017

Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…

Our High Season Print Edition is here! Here’s where to find it
The Tico Times
451 views
The Tico Times
451 views

Our High Season Print Edition is here! Here’s where to find it

Katherine Stanley - December 11, 2017

In the weeks since the relaunch of The Tico Times on Sept. 1, we’ve been hard at work to reconnect…

Bright Lights Boat Parade inaugurates holiday season in Quepos
Events
524 views
Events
524 views

Bright Lights Boat Parade inaugurates holiday season in Quepos

Elizabeth Lang - December 11, 2017

The Bright Lights Boat Parade marked the official kickoff of the holiday season in the Central Pacific town of Quepos…