Costs of products have risen by up to 50% | Los costos de los productos escalaron hasta en 50%

By Juan Carlos Véliz, Eju.tv:

The costs of products have risen by up to 50% in fairs and neighborhood stores in El Alto and La Paz

A multinational beverage company has increased its prices by between 0.50 and 1 Boliviano for its products in stores and warehouses in both cities. Prices have also increased for ice cream, candies, school snacks, detergents, and cooking oil.

A view of the largest open-air market in the country, the 16 de Julio Fair, in the city of El Alto. / Photo: El Alto Digital

The shortage of dollars in Bolivia is affecting the increase in prices of basic and mass-consumption products. This was confirmed by eju.tv during a tour of stores, warehouses, and fairs in the cities of La Paz and El Alto.

“All brands have raised their prices by one, two, three, five, up to 10 bolivianos, and the customers are getting angry with us because they think we raised the prices,” lamented Tomasa, owner of a neighborhood store in the Santiago Segundo area of El Alto.

This is the same situation in other areas of the city of El Alto. Carmen, a vendor at the fair in the Villa Adela area, reported that the price of bulk oil has increased. “Now we are selling at 11.50 bolivianos per liter of oil; it used to cost 10 bolivianos,” she said.

Another mass-consumption product that has increased is margarine, as verified in the Mallasa area of La Paz. A cup of margarine, also known as “butter,” which cost Bs 10 two weeks ago, now costs Bs 11.

National companies that produce food and mass-consumption supplies have also increased the cost of their products by up to 50%, according to merchants and neighborhood store owners.

For example, locally produced toilet paper now has new prices: A six-unit package that used to cost Bs 10 now costs Bs 12, and the 12-roll package that used to cost Bs 20 now costs 22 or 24 bolivianos.

“Economical” toilet paper that used to cost Bs 12 or 13 now costs Bs 14 or Bs 15.

Detergents have also gone up in price; the 700-gram bag that used to cost Bs 10 now costs Bs 12 or 13.

Canned goods have also seen a change in prices; for example, canned cold cuts that cost Bs 10 two weeks ago now have a price of Bs 14, as verified in the Satellite market of El Alto.

Fried snacks and sweets also have new prices in the markets of El Alto and La Paz, as verified yesterday. Products known as “bacones” and consumed mainly by schoolchildren now cost Bs 1.5, whereas their price was Bs 1 last week.

Sodas have also increased in price, as is the case of a world-famous brand that adjusted its prices by 1 to 2 bolivianos in both cities. The three-liter bottle that used to cost Bs 14 now costs Bs 15.

Ice cream prices have also changed, ranging from an increase of 0.50 cents to Bs 2. For example, cinnamon ice cream that cost Bs 1 now costs Bs 1.5, while chocolate popsicles that used to cost Bs 6 now cost Bs 8.

Bolivia has been facing a dollar crisis since early 2023 in the national financial system, leading to the emergence of a market called the “parallel” market, where the foreign currency costs up to Bs 14 per dollar.

The official exchange rate for the dollar, according to the Central Bank of Bolivia (BCB), is Bs 6.96 for sale; however, the parallel dollar has now doubled that value.

Leave a comment