NewsWhore
10-28-2008, 03:50 PM
Consumer rights body Pro-Consumidor reports that basic food prices decreased by a mere 2.79% between 13 October and 20 October, despite the sharp fall in international fuel prices in recent weeks. Fuel has dropped 50% in comparison to June, yet food prices have yet to follow suit. Some food prices have actually increased, including a 30-egg carton, which is up by 12.64%. Milex milk power, Rica milk, fresh chicken, pasta, onions, pork chops, cod and herring have also experienced price increases. Producers have yet to justify maintaining these high prices and some have said that international food prices and fuel prices are still too high, keeping production costs up.
Industry and Commerce Minister Jose Ramon Fadul has warned businesses that the government will not tolerate unjustified high prices for foods and goods, saying they could be prosecuted if found guilty of gouging. Fadul says that prices should be going down in the light of the significant drop in fuel prices. Fadul says the public has the right to complain about high prices in comparison to lower fuel prices. Fadul says that high prices could threaten the country's competitiveness and that the public deserves a break.
More... (http://www.dr1.com/index.html#7)
Industry and Commerce Minister Jose Ramon Fadul has warned businesses that the government will not tolerate unjustified high prices for foods and goods, saying they could be prosecuted if found guilty of gouging. Fadul says that prices should be going down in the light of the significant drop in fuel prices. Fadul says the public has the right to complain about high prices in comparison to lower fuel prices. Fadul says that high prices could threaten the country's competitiveness and that the public deserves a break.
More... (http://www.dr1.com/index.html#7)