Pricing madness

Pricing madness
Published: 15 December 2017 (299 Views)
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.

- Daily News

Tags: Pricing, Madness, Shot,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mnangagwa says, 'Zim poised to be jewel of Africa'

by Staff reporter | 18 July 2018 | 107 Views

Pay rise for civil servants

by Staff reporter | 18 July 2018 | 144 Views

Inside Chamisa's winter of discontent

by Tichaona Zindoga | 18 July 2018 | 109 Views

Fading giants name new club boss

by Staff rpeorter | 18 July 2018 | 107 Views

Mnangagwa to name, shame land barons

by Staff reporter | 18 July 2018 | 114 Views

Matanga bans Chihuri raffle ticket sales

by Staff reporter | 18 July 2018 | 115 Views

Goba tribunal takes oath of office

by Staff reporter | 18 July 2018 | 79 Views

Hands off ZEC, says Youth League

by Staff reporter | 18 July 2018 | 93 Views

MDC-Alliance spoiling for fight they can’t win

by Lloyd Msipa | 18 July 2018 | 93 Views

Victory is certain, claims Mnangagwa

by Staff reporter | 18 July 2018 | 84 Views

Zimbabwe inflation rate hits 2,91%

by Staff reporter | 18 July 2018 | 81 Views

Bosso set for EGM

by Staff rpeorter | 18 July 2018 | 66 Views

Air Zimbabwe offers reward package

by Staff reporter | 18 July 2018 | 98 Views

Bosso fans group donate to ball-boys

by Staff reporter | 18 July 2018 | 46 Views

'Review of taxes, utility costs'

by Staff reporter | 18 July 2018 | 97 Views

Teachers sue property developer after stands deal sours

by Staff reporter | 18 July 2018 | 93 Views

Cheating couple locked up

by Staff reporter | 18 July 2018 | 128 Views

Cold spells till August

by Staff reporter | 18 July 2018 | 117 Views

Hippo attack, drown women in Zambezi river

by Staff reporter | 18 July 2018 | 87 Views

Tamborinyoka seeks removal from remand

by Staff reporter | 18 July 2018 | 85 Views

Chamisa's postal vote challenge hits a brickwall

by Staff reporter | 18 July 2018 | 120 Views

Churches organise peace march

by Staff reporter | 18 July 2018 | 48 Views

Chamisa declares polls stalemate

by Staff reporter | 18 July 2018 | 122 Views

MDC Alliance candidate in stands scandal

by Staff reporter | 18 July 2018 | 47 Views

Mudzengi vows to fell Mutsvangwa, Mliswa in Norton

by Staff reporter | 18 July 2018 | 50 Views

Porter stabs colleague over $3 debt

by Staff reporter | 18 July 2018 | 37 Views

Kazembe's henchmen spared jail for stealing flour

by Staff reporter | 18 July 2018 | 36 Views

Robbers pounce on teachers, loot gadgets

by Staff reporter | 18 July 2018 | 44 Views

No going back on ballot papers: Zec

by Staff reporter | 18 July 2018 | 38 Views

Mnangagwa dangles more incentives for civil servants

by Staff reporter | 18 July 2018 | 42 Views

Mnangagwa, Chamisa to face off

by Staff reporter | 18 July 2018 | 111 Views

Vote buying rampant during election campaigns - ZPP

by Stephen Jakes | 18 July 2018 | 34 Views

Redesigned voting booth exposes Zec fears

by Staff reporter | 18 July 2018 | 49 Views

Black market rates hit 100% ceiling, why and how?

by Staff reporter | 18 July 2018 | 64 Views

Citizens now live in fear due to Zanu PF mobile messages - ZPP

by Stephen Jakes | 18 July 2018 | 41 Views

Shamu preaches 'bhora musango'

by Staff reporter | 18 July 2018 | 61 Views

Mpofu refuses to testify in Chief Ndiweni case

by Staff reporter | 18 July 2018 | 42 Views

Mthwakazi economy can sustain it's people and the continent

by Stephen Jakes | 18 July 2018 | 35 Views