Monday, 30 November 2020

Buyer Beware of Pricing Differences!


If you take for granted that competition will ensure you the best price for your purchase, you might be in for a shock, as the Ministerio de Economía, Industria y Comercio (MEIC) – Ministry of Economy, Industry and Commerce – found in their latest survey of 25 retailers in the Gran Área Metropolitana (GAM) – Greater San José Area.

The MEIC found price differences of up to 78% on identical items and up to 292% on similar items.

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The MEIC found a difference of up 229% on similar coffee products, 229% on similar rice cookers and 228% on similar frying pans, for example.

For example, an LG LCD flatcreen television going for ¢149.900 at Importadora Monge in Cartago and ¢267.500 at Hogar Feliz in Heredia: difference ¢117.600 colones or 78%.

Diferencia de precios en artículos

For the full report click here (The link will take you to the MEIC pdf file)

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The MEIC says it also found irregularities in credit terms and payment plans.

Buying on credit can increase the purchase price with rates of up to 64% annual interest. The MEIC report found that a 34% annual interest was the lowest offered.

MEIC deputy minister, Luis Alvarez, is calling on consumers to shop around and file a complaint if case of problems.

To report a consumer problem, the MEIC can be reached by telephone at 800-266-7866 (toll free in Costa Rica), their website at:  or in person at: Sabana Sur, 400 m  West of the Contraloría General de la República

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"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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