Basic Food 'Basket'

Chris

Gold
Oct 21, 2002
7,951
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www.caribbetech.com
In today's news, the following ..

Prices have climbed
According to recent reports from the Central Bank, prices of basic foodstuffs have climbed, but they are still below 2004 levels. The bank studied the 33 items that make up the food that is traditionally consumed by the poorest families in the Dominican Republic; items such as rice and beans, chicken, pasta, garlic, onions, sardines and staples that have risen in price this last year. The report prepared by ENCOVI and the Central Bank shows that the basic daily food bill for an individual was placed at RD$36.51 in 2004, and today it is RD$34.48. It fails to mention that in 2004 the peso was at 48:1 and today it is at about 33:1.

I'm wondering if any of us here can conceive of living on either RD$36.51, or RD$34.48 per day? A little more than 1,000 pesos per month for an individual?