Weber Economics & Finance


July 2016, Vol. 2 (4), ISSN:2449-1662

© Author(s) 2016. This work is distributed under the Creative Commons Attribution 3.0 License.

Research Article

The High Cost of Basic Foods in Panama Causes Social Unrest

 

Accepted 27th July, 2016; Available Online 29th July, 2016.


Abstract:

69% of the studied population considers that the regularization of 22 products of the Panamanian market basket has not been an effective measure to reduce the negative impact of inflation in every family's budget. Objective was: study the impact that has on the Panamanian consumer, the high cost of the basic shopping basket, based on the inflation experienced between the year 2003 and the year 2014. The research is descriptive and the same design rests in the hypothetical approach - deductive, which tries to validate the hypothesis raised through the correlation of variables employees, using the method of regression. The data are obtained through the application of 892 surveys in communities to the West of the city of Panama. The results serve for national authorities to take decisions to establish public policies to improve the status of consumers.

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