Lost of basic products with regulated prices extended

Dit item is gearchiveerd op 05-03-2019.

ORANJESTAD-The Government of Aruba has announced the extension of the list of products with price controls by the government, namely the basic products basket.

Price control maximum prices basic productsThe idea of extending the basic products basket initiated back in 2009 but never materialized. In 2011 experts came together and encouraged the extension but the final decision was never made. In 2018 the Department of Economic Affairs, the Department of Public Health, the Department of Social Affairs, Chamber of Commerce and the Wholesale sector met and suggested the Government to expand the contents of the basic products basket.

From 11 to 22 products

Currently the basic products basket contains 11 products; sugar, baby food, coffee, corn flour, packed or canned margarine, liquid coffee milk, infant milk, packed or canned butter, brown and white rice, cooking oils: olive oil, sunflower oil, canola or corn oil, black tea and green tea. The extended basic basket will contain Quacker oatmeal, pasta, spaghetti, whole wheat white flour, dry red beans, dry black beans, dry lima beans, canned tuna (in water, chunk, flaked and grated), canned sardines (in water), canned salmon (in water), liquid milk (tetrapack or bottled), vegetables: frozen broccoli, frozen spinach, frozen mixed vegetables. Fresh vegetables can not be included as they go bad quickly, thus making it nearly impossible to verify pricing. For health reasons, sugar, butter and margarine have been removed from the basic basket.

The law should be changed before expanding the basic basket.

Price control maximum prices basic productsThe Government needs to adapt the “national decree import permits for goods” to be able to include the added products (pasta, spaghetti, oatmeal, flour and tetrapack milk) into the basic basket. The 22 product categories include 1200 products with a regulated price supervised by the Government. Once the authorities are ready with all the needed changes, an official announcement will be made with the effective date for the updated basic basket.

Price and basic basket Control App.

The Minister of Economics emphasized on the Price Check App, which is a handy tool where consumers can find all information regarding the prices of the regulated products. Additionally there is the “Shopping Basket” which is weekly published, containing prices of 25 unregulated prices in 10 random supermarkets. All this information is also available on the facebook page of the Department of Economic Affairs. Consumers can now compare prices and shop where it most cost effective.