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View Full Version : Price hikes linked to costs



NewsWhore
07-04-2007, 06:50 PM
Lisandro Macarrulla, the head of the National Business Council (CONEP), and Manuel Diez, the head of the DR Industrial Association told the Listin Diario that recent price increases in basic products reflect hikes in energy costs, higher fuel costs and labor costs that have gone up over the past six months. According to these spokespersons, the Dominican marketplace is distorted "because in the DR we do not have an open, competitive market." Also, according to Diez, because of the increase in costs, some items that are duty free because of DR-CAFTA have not decreased much in price.

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