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*Consumers Advised Against Panic-buying* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?xi The Consumer Council of Zimbabwe (CCZ) has advised consumers against panic-buying following a sharp increase in the price of basic commodities triggered by an increase in the price of fuel on Tuesday. CCZ chairman Philip Bvumbe opined that panic-buying will result in shortages of goods forcing manufacturers and retailers to raise prices. Said Bvume: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > Last week, as you are aware, the parallel market rate went up to about 1:7 and all the goods in shops went up and there was panic buying. > What we are urging consumers is that they must not go on a rampage of panic buying. Suppliers and retailers have been trying to reduce their prices because of the demand which has been low for some time. > Let us be mindful that the more we have an artificial demand for products, the retailers and manufacturers will be justified to increase prices. > We encourage people not to go on a panic-buying spree. *More: Newsday* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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