CAC reports noticeable easing of price increases between August and September
The Consumer Affairs Commission (CAC) has reported a noticeable easing of price increases between August and this month, compared to the sharp spikes seen in previous months.
Minister of Industry, Investment and Commerce, Senator Aubyn Hill, made the revelation during this morning’s sitting of the Senate.
He was giving an update on the CAC’s efforts to support the fair sale of goods to protect Jamaican citizens from unwarranted price increases of in-demand items after the passage of Hurricane Beryl.
Senator Hill noted that of the 53 local and imported agricultural produce surveyed 16 items which represent 30%, recorded price declines, ranging from 1 to 11% indicating some stabilization in market conditions.
Three agricultural items remained relatively constant.
34 produce items experienced increases, but these were less severe, ranging from 1 to 62%.
Senator Hill said the CAC will continue to monitor the prices of goods to ensure that there is fair pricing for all Jamaicans.
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