2003News

The high cost of living

With the dollar at RD$41 to RD$1, the papers continue to focus on the toll this is taking on the consumer. Diario Libre reports that family budgets have been completely altered by the price rises. Chicken prices have crossed the RD$30-per-lb mark and in some supermarkets is selling for almost RD$34. The newspaper focuses on the cost of basic vegetables and baby products, also. In just one week, a pound of onions has increased from RD$21.95 to RD$31.95, for example. Between January and November, baby milk went from RD$345 to RD$588 for 100 grams of product. Disposable diapers have increased from RD$145 to RD$269 for a packet of 24. El Caribe looks at the increasingly unaffordable electro-domestic appliances, which have doubled in price since the beginning of the year, causing sales to fall by 50%. A basic washing machine has gone up from RD$2,000 to RD$4,200. A simple electric fan that used to cost RD$250 now costs RD$700. The peso devaluation has forced retailers to be more stringent in their credit allowances for customers, reports the newspaper.