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*Cabinet To Discuss Issue Of Price Increases* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ip Cabinet will on Tuesday (today) discuss the issue of rampant and unrestrained price increases by businesses which are driving inflation. This was revealed by the Deputy Minister of Media, Information and Broadcasting Services, Energy Mutodi. In an interview with Newsday on Sunday over the last round of price hikes by retailers, Deputy Minister Mutodi said: ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- > Cabinet will discuss the issue of wanton price increases this Tuesday and a solution will be found. Certainly, we cannot have a market where speculators hike prices unnecessarily. We want some discipline in the retail sector. > However, in the meantime, we are saying no to parallel market exchange rate-driven inflation. Those bent on increasing prices based on the parallel market rates are economic saboteurs. > We do not have a budget deficit as we speak. Now we have a problem with the RTGS$ and US dollar supply ratio and we have noticed that once the US dollar supply subsidies on the market, speculators increase the exchange rate by offering more RTGS dollars for one US dollar. > Our people prefer US dollars even for domestic transactions and for locally-made goods. > This is what we will discuss and see if we can come up with measures to curtail the increasing pressure on foreign currency and the business of escalating prices based on speculative US/RTGS dollar exchange rate movements. Related: Price Hikes Continue Unabated – Report Uncontrolled Price Hikes, RTGS Dollars Will Push Citizens To Revolt – MPs Speak FULL TEXT: Consumer Rights Association Threatens Consumer Mass Action Over Price Hikes Unjustified Price Hikes A Security Threat – Mliswa Govt Fearful Of Mass Social Unrest Over Hardships More: Newsday itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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