Sunday 16 May 2021

What Goes up Might Keep Going up

Costa Rica, might well challenge Isaac Newton’s theory that what goes up must come down. The cost of living keeps going up and does not seem to come down. “Greed” is just another way of saying “Pura Vida.”

Right now in November, we have a reprieve from on the cost of gasoline. A drop of 28 colones per liter for extra and 23 colones for regular. With the recent price rise in crude, we expect can expect increase around December. Back to the normal.

On the other side of the coin, everything from Tropical Storm Nate to President Solís’ prostrate surgery has been used as an excuse to raise prices across the board on foodstuffs and anything imported.

- Advertisement -

While both ICE (Electricity) and AyA (Water) are two of the largest and most influential solicitors of rate increases, smaller ones still eat away at the consumer’s monthly income. The electricity request for a 19+% increase in rates is devastating to a business, to investors and tourism including retirees.

The reason given for the increase?

A lower demand for electricity and, oops, pay off debt. Instead of lowering the consumer cost to attract more usage, this monopoly would rather increase prices to cover up mismanagement. A trend that gone on for decades.

The proliferation of iPhones seems to be the culprit here and landline usage decline the cause. This makes no sense. ICE is in the cell phone business and unless I am mistaken ICE owners of Kolbi, the competition Claro and Movistar need to charge their phones and ICE collects a small but important tower fee. The value or use of landlines has decreased and will continue do so as a result of the infamous “cellular”.

- Advertisement -

But what about tuna fish, chicken, bread, etc.? Nate has been credited with the price rise of almost every food product in Costa Rica. Be it national or imported. Even Globalvia, Route 27 to the beach from San Jose has incremented its tolls, every 90 days: The costs of travel for cars and important trucks loaded with consumer goods is always [assed along to consumers
.
At what point will more companies leave Costa Rica and more tourist realize there are many other options to enjoy the good life than Pura Vida?

Blurbs such as International Living still promote Costa Rica as “laid back and low cost”, living. I can list only a few products or services with lower cost than many countries of Europe and the U.S. And now we are faced with 15% VAT tax to bail us out of bankruptcy. A word we do not use!

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Juan Sebastian Campos
An expat from the U.S., educator and writer in English and Spanish since 1978 with a doctorate in business administrations (DBA) from the United States and Germany. A feature writer for ABC News, Copley Press and the Tribune Group with emphasis on Central America.

Related Articles

ICE to start charging at fast-charging stations for electric cars

QCOSTARICA - The honeymoon of free charges at Instituto Costarricense de...

MOST READ

Keltner Channel Strategy Explained for Beginners

The trading world is full of trading strategies that vary by assets, timeframes, and, of course, technical indicators. In this article, you will learn...

Why Colombian protesters are taking to the streets

QCOLOMBIA – For the past two weeks, mass protests that started on April 28, have rocked Colombia, leaving at least 42 people dead and hundreds...

66% of ICU patients are under 60 years of age

QCOSTARICA - Sunday night, 432 of the 1,188 covid patients in hospital are in Intensive Care Units (ICU), after suffering complications from covid-19. In the...

Coronavirus digest: choice to get ‘vaccinated or infected’

The German health minister, Jens Spahn, said that despite falling daily cases of the COVID-19 in Germany, caution is still needed. "Everyone will experience this virus," Spahn...

Top 3 Japanese-Inspired Online Slots

Slots are the most popular category in any casino. Gambling websites feature hundreds of these games, simplistic and elaborate. Reel symbols range from cherries...

Who are the richest entrepreneurs in the region?

QCOSTARICA - 2020 was marked as a complex year worldwide due to the Covid-19 pandemic, however, the following are entrepreneurs who were not only...

These are the sanitary measures that will be applied from today, May 10

NOTE: Monday afternoon the government announced changes in the vehicle restrictions that take effect Tuesday, May 11 and capacities (aforos) starting May 13 and...

3,173 new cases of covid-19 in the last 24 hours; 26 deaths

QCOSTARICA - The country registered a new record of covid-19 infections this Wednesday, reaching 3,173 confirmed cases in a period of 24 hours. The figure...

Colombia surpasses 80,000 COVID-19 deaths; ICU’s nearly full

QCOLOMBIA – Confirmed deaths from COVID-19 in Colombia passed 80,000 on Friday, May 14, with intensive care units almost full in the biggest cities,...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.