Too Early To Celebrate Price 'Stability'
Consumers will not celebrate a slight fall in the prices of basic commodities over the past few weeks as they were already way too high, a consumer rights watchdog has said.
The Consumer Council of Zimbabwe (CCZ) executive director Rosemary Siyachitema said they want prices to continue to fall;
We need to keep on tracking. Prices have declined but it is not enough. Some prices were too high and they are still high even if there is a reduction so it is not yet enough but we want a trend that prices continue to fall.Feedback
A report by the CCZ indicates that the cost of a monthly basket for a low-income urban family of six has largely been stable since June.
It said the monthly basket for July was at $14 256,98 and there was a steady rise for August to $14 438.23.
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A snap survey by The Herald this week revealed that a two-litre bottle of cooking oil, which was averaging $250 two months ago, has gone down to around $214 while sugar has eased to $212 from around $250.
The price of fuel in US dollars has also marginally declined with blend now retailing at US$1,18 from last month’s price of US$1,28.
More: The Herald
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