NewsWhore
04-03-2008, 05:40 PM
Minister of Industry and Commerce Melanio Paredes says he doesn't attribute the increase in basic food prices to national and international factors, but to the vivid imagination of the press, which he classified as "speculation." Quoted in Hoy, Paredes said that the price increases are only "speculation by the press." He added that in a case of any price increase, the ministry calls producers to revise the cost increases and provide reasons for them. He added that the situation is being monitored and that when there is an unreasonable price increase, steps will be taken to regulate the situation. Paredes' comments coincide with the Ministry of Agriculture's announcement that 14 products from the basic food basket, including legumes, grains and other products were cheaper in 2008 than they were one year ago. Although the decreases are minimal, it contradicts reports earlier this week that rice, beans, chicken and other basic foods have all increased in prices throughout the DR.
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