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Tuesday, May 21 2019 @ 11:14 PM UTC

Cost of Bread Rising

Food & Drink La Critica - The price of a popular kind of bread called "flauta" is rising between .10 and .15 cents in several bakeries in Panama City. Normally sold for .40 cents, it's now up to .55 cents in some places. It is the second item in the "Basic Nutritional Basket" for Panamanians, and it's estimated that each person consumes an average of 75 grams daily. At the end of March the price of flour will be rising $12.00 per 100 pound sack. Currently flour costs $33 per sack, but it is estimated that price will rise to $45 dollars. Bakeries allege that in addition to the increase in the international prices of wheat and therefore flour, they are facing rises in the costs of cooking gas and other products used to process the flour into bread. Flour represents 65% of the ingredients used to make bread. The price of bread has risen together with the cost of flour. In 1976, 100 pounds of flour cost $9.00 and the "flauta" bread cost .15 cents. Bakeries are raising the cost of bread now in anticipation of the $12.00 per sack rise in flour that will be implemented at the end of the month. At the moment a 100 pound sack of flour costs $33 dollars, which will rise to $45 dollars on 1 April 2008.

Editor's Comment: A few weeks ago while attending an event at the US embassy I wound up discussing the upcoming political scenario in Panama (with an embassy official who was, of course, off the record.) It was my estimation that the PRD was going to be easily reelected in May 2009, mostly based on economics. The national economy continues to kick ass at about 9% or 10% growth for at least three or four consecutive years. And, for the most part people vote with their pocketbooks.

Watch Inflation: The response was surprising: "Watch the rising costs of food basics, like bread, rice, and milk. Inflation is going to hit poor Panamanians very hard, because the average Panamanian spends almost 50% of their income on basic food items. With these increases in food, and lacking significant wage increases, things are going to get tighter and tighter, which could translate into anger in the polls." So, this is one more example of another small increase in the basic cost of living. It might just look like a few more cents for a loaf of bread, but add that to the rising costs of everything else and people are getting squeezed. Inflation, it's going to become a lot more important from now until May 2009.

Pan flauta sube 15 centésimos

Redacción | Crítica en Línea

El pan flauta registró un aumento de entre 10 y 15 centésimos.

El pan flauta registró un aumento de entre 10 y 15 centésimos, en varias panaderías de la ciudad capital.

Esa popular variedad de pan, que antes se vendía a 40 y 45 centésimos, ahora tiene un precio de 55 centésimos.

El pan es el segundo producto en importancia de la Canasta Básica Alimenticia de los panameños, que se estima que cada uno consume un promedio de 75 gramos diarios.

HARINA PA' ARRIBA

El incremento se produce con anticipación a un incremento de 12 dólares, que se implementará al quintal de harina a finales de mes. Las 100 libras de ese derivado del trigo se vende actualmente en 33 dólares, pero se estima que estará costando 45 dólares.

Las panaderías alegan que además del aumento en los precios internacionales del trigo y por ende de la harina, están enfrentando alzas en el costo del gas y otros productos utilizados para procesar el pan.

PRECIOS

La harina representa el 65% de los ingredientes del pan.

Conforme pasa el tiempo, el pan flauta registra incrementos. En 1976, cuando el quintal de harina costaba $9.00 el precio de la flauta era de 15 centésimos. Luego cuando el saco de harina se disparó a $25.50, la citada variedad de pan subió a 25 centésimos y así fue subiendo conforme el paso de los años.

INCREMENTO EN LA HARINA

* El aumento se produce con anticipación a un incremento de 12 dólares que se implementará al quintal de harina a finales de mes.

* Las 100 libras de ese derivado del trigo se venden actualmente a 33 dólares, pero se estima que estará costando 45 dólares.

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The following comments are owned by whomever posted them. This site is not responsible for what they say.
Cost of Bread Rising
Authored by: Anonymous on Saturday, March 22 2008 @ 04:38 PM UTC

I hope the expats are not going to blame the decreasing value of the dollar on the cost of bread. It seems they want to blame everything on the dollar.