PRICING MADNESS,BASIC COMMODITIES SKYROCKET
In spite of the softening rates on the parallel market, prices have shot through the roof in the past few weeks with most basic products now beyond the reach of many.
Basic goods such as cooking oil, sugar, rice, meat, flour and milk products are fetching much more than they used to last month, presenting major headaches to the authorities. President Emmerson Mnangagwa has promised better prospects for the country’s economy since being sworn in last month as Zimbabwe’s second executive president.
Confederation of Zimbabwe Retailers president, Denford Mutashu, said while the price hikes were largely a result of the prevailing foreign currency shortages, indiscipline has also set in the market resulting in profiteering.