News / National
ZANU PF MP fingers criminals in price increase
17 Apr 2019 at 14:01hrs | Views
Gokwe-Nembudziya Member of Parliament Mayor Justice Wadyajena says the increase in prices of basic commodities is engineered by business criminals whose benefit thrives when the masses suffer.
"Let's decisively deal with cartels sabotaging the country. These dirty elements are closer than we think and harvest millions from our suffering." Wadyajena fumed. "We blame sanctions but corruption and cronyism are massive challenges too. Let's support President Mnangagwa and help him clean up the rot!"
The bakeries announced that the retail price of bread would double on Tuesday, another burden for citizens already struggling with a weakening currency and rising prices for basic goods.
Bread now costs 3.50 RTGS dollars a loaf, up from 1.80 on Monday, according to prices displayed by most shops across the country.
In February, faced with acute shortages of US dollars, Zimbabwe introduced a new currency, called the Real Time Gross Settlement dollar. The RTGS has been losing value ever since, forcing companies to increase prices.
Year-on-year inflation raced to 66.8% in March, up from 59.39 the previous month, according to statistics agency Zimstats.
On Tuesday, the RTGS dollar was trading at 3.19 to the dollar on the interbank market and 5 on the black market.
President Mnangagwan recent called on business to cease the increase of prices saying the citizens cannot afford the skyrocketing prices.
"Let's decisively deal with cartels sabotaging the country. These dirty elements are closer than we think and harvest millions from our suffering." Wadyajena fumed. "We blame sanctions but corruption and cronyism are massive challenges too. Let's support President Mnangagwa and help him clean up the rot!"
The bakeries announced that the retail price of bread would double on Tuesday, another burden for citizens already struggling with a weakening currency and rising prices for basic goods.
Bread now costs 3.50 RTGS dollars a loaf, up from 1.80 on Monday, according to prices displayed by most shops across the country.
In February, faced with acute shortages of US dollars, Zimbabwe introduced a new currency, called the Real Time Gross Settlement dollar. The RTGS has been losing value ever since, forcing companies to increase prices.
Year-on-year inflation raced to 66.8% in March, up from 59.39 the previous month, according to statistics agency Zimstats.
On Tuesday, the RTGS dollar was trading at 3.19 to the dollar on the interbank market and 5 on the black market.
President Mnangagwan recent called on business to cease the increase of prices saying the citizens cannot afford the skyrocketing prices.
Source - Byo24News
