ECONOMY: Caribbean Buffeted by Global Price Spikes: "GEORGETOWN, Guyana, Mar 19 (IPS) - As the single parent of a five-year-old boy, Sonita Balkaran can barely make ends meet these days. A clothing vendor in one of this city's five municipal markets, Balkarran has watched in horror the steady decline of her living standard, estimating that her spending power has shrunk by about 50 percent in the last year.
'The price of anything you can think about has gone up,' she said one very hot afternoon this week. 'What hurts is that your salary is not going up and prices are not moving up by a few points. They are jumping up. Ask anyone,' she added, touching on a subject that has brought political discomfort to some governments and misery for ordinary Caribbean people in the last year."
'The price of anything you can think about has gone up,' she said one very hot afternoon this week. 'What hurts is that your salary is not going up and prices are not moving up by a few points. They are jumping up. Ask anyone,' she added, touching on a subject that has brought political discomfort to some governments and misery for ordinary Caribbean people in the last year."
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