Panama's basic foods increased 1.2 percent between February and March and 20.9 percent compared to the same month of 2007, the Ministry of Economy and Finance published on Tuesday.
According to the report, the average price of 50 basic food products calculated for an average diet per person daily of 2,305 calories - reached 246.79 dollars per month. This is the third rise in food prices reported this year.
All groups of food products registered an increase in prices this year, and the highest were fats, including vegetable oil and margarine for 46.9 percent, followed by dairy products (cheese and powered milk) up 38.7 percent.Other products with significant increase in prices are potatoes, 21.6 percent and bread, with 19 percent.
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