The Bolivian government announced a new plan on Tuesday to ensure that necessities reach consumers at fair prices. The plan aims to fight speculation in the markets and curb smuggling to neighboring countries.Deputy Minister of Defense of User and Consumer Rights Jorge Silva said the plan includes strict controls from production to the final points of sale to ensure the orderly progress of the entire distribution process of essential products.This measure aims to curb the illegal exportation of necessities, such as rice and sugar, to markets in Brazil, Chile, and Argentina, where the prices of these products could double or even quintuple.Silva said that smuggling is exacerbating inflation in Bolivia. In August, the Consumer Price Index rose by 1.58 percent, reaching 116.25 percent, the year's highest figure.The current state of inflation in Bolivia has exceeded official expectations for 2024, with an accumulated rate of 4.61 percent through August. It has already surpassed the projected 3.6 percent for the entire year, according to the National Institute of Statistics.Source: The Namibia News Agency
Home » Bolivia announces new plans to curb smuggling, ensure basic food supplies
Bolivia announces new plans to curb smuggling, ensure basic food supplies
Cetegories
Trump Signs Russia Sanctions Bill Into Law
September 18, 2026
Google’s Gemini Hacks 3 Real Companies in Security Test
September 18, 2026
Prime Minister Ngurare Urges Rapid Action on Sam Nujoma Stadium Upgrade
September 18, 2026
Kuugongelwa Amadhila Calls for Stronger Women’s Parliamentary Caucus
September 18, 2026
Farmers Honoured for Resilience Amid Climate and Drought Challenges
September 18, 2026
Tourism Sector Holds Promise for Youth Employment in Namibia: Daniel
September 18, 2026