Zero Pindula

WhatsApp Message

*Price Increase Affected Retail Volumes - Statistics*

*Follow Pindula on WhatsApp for daily new updates*
https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?uq

The president of the Confederation of Zimbabwe Retailers, Denford Mutashu, has attributed the reduction in retail volumes to the recent price increases against low incomes.

Mr. Mutashu lamented:

----------
itel A70 256GB
$99USD

WhatsApp: https://wa.me/+263715068543
Calls: 0772464000
----------

> The volumes of products pushed by the sector have declined owing to low disposable incomes, as prices have shot up beyond the reach of ordinary citizens. Inflationary pressures have been mounting against stagnant or eroded incomes.

His observations echo findings of a survey that was conducted by the Consumer Council of Zimbabwe between March 22 and April 2. The survey divulged that all provinces recorded price increases.

Some have argued that official statistics from the government agency no longer represent the reality on the ground.

Price hikes have been linked, partly and importantly, to the scarcity of foreign currency in the market. The RTGS dollar that was introduced by the Zimbabwean central bank has been shedding value on a continual basis.

*Related:*

Beer Prices Increased Again
Govt Raises Fuel Price As Shortages Worsen
‘Businesses Should Not Increase Prices Based On Exchange Rate’, Says Government
BREAKING: Govt Raises Fuel Prices, Again
Commodity Prices Go Up By 25-75% – Survey

More: News Day

_If you found this article useful_
*Please support Pindula by forwarding to friends and groups*