Prices Of Basic Commodities Shoot Up Again

5 years agoFri, 31 May 2019 11:06:20 GMT
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Prices Of Basic Commodities Shoot Up Again

NewsDay in Harare, Bulawayo, and other cities has revealed a price increase on basic commodities such as mealie-meal, rice, flour, salt, cooking oil, among others due to inflationary pressures as the economy continuously nosedives. It also observed that some retailers have stopped putting price tags on goods as they continuously change at a regular basis.

Consequently, many people have resorted to panic buying as more retail shops resort to charging in US dollars with government joining in the bandwagon.

Most shops have doubled prices for basic commodities since two weeks ago. This comes at a time when the Grain Millers Association of Zimbabwe chairman Tafadzwa Musarara has announced that mealie-meal prices would be reviewed upwards. NewsDay reports that a 10kg bag of mealie-meal would go up from ZWL$11,85 to ZWL$18.

Musarara said:

We have agreed on the margins and we hope that prices won’t change every week or every day.

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However, should they be so frequent, we have put mechanisms that we should change those prices as frequent as necessary and communicate to our colleagues.

Workers have been over the past few weeks threatening to demonstrate against the soaring inflation which has eroded their salaries. Living standards have deteriorated as the cost of living is increasing on a daily basis. Several households now live below the poverty datum line.

More: NewsDay





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