Price Control
Price control for essential products (Control de precios a productos de primera necesidad)
Date announced
4/1/2020
Start date
4/1/2020
Date of last update
4/20/2022
Description
The Government establishes a list made up of 26 products that are part of the basic basket, essential drugs and medical devices to guarantee their supply throughout the country.
Official Sources
Ministerio de Comercio, Industria y Turismo (04-01-20). 'Decreto 507 del 1° de abril de 2020'. [https://www.mincit.gov.co/getattachment/5a0e6c4d-34bc-43cc-b24e-a30ada108df7/Decreto-507-del-01-de-abril-de-2020-por-el-cual-se.aspx].
Ministerio de Salud y Protección Social;Ministerio de Comercio, Industria y Turismo; Ministerio de Agricultura y Desarrollo Rural (04-07-20). 'Resolución 078 del 7 de abril de 2020'. [https://www.sic.gov.co/sites/default/files/documentos/042020/RESOLUCIO%CC%81N%20NO_%20000078%20DE%202020.pdf].
Presidencia de la República (04-07-20). 'Gobierno fija listado de productos de primera necesidad para garantizar su abastecimiento en todo el país'. [https://id.presidencia.gov.co/Paginas/prensa/2020/Gobierno-fija-listado-de-productos-de-primera-necesidad-para-garantizar-su-abastecimiento-en-todo-el-pais-200407.aspx].
Characteristics of the measure
Type of measure
Price control (3)
Sphere
Containment of user spending (4) (6) (7)
Target population
All population (3)
Delivery method
Cash or in-kind
Frequency / duration
During the sanitary emergency
Place of delivery
Commercial establishments
Legal Framework
Decree 507 of April 1, 2020
Resolution 078 of April 7, 2020
Responsible Institution
National Administrative Department of Statistics (Departamento Administrativo Nacional de Estadística - DANE)
Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio - SIC)