The Public Should Not Panic About Temporary Price Increases: Retailers Association

The Confederation of Zimbabwe Retailers Association has called on the public not to panic about the recent price increases saying that they are only temporary. Speaking to NewsDay, Confederation of Zimbabwe Retailers Association president Denford Mutashu, said,

The public should not panic about the temporary price increases being experienced on the market on selected products. Most manufacturers have cited shortage of foreign currency and the obtaining parallel market premiums. It will be folly to continue to think that the cash parallel market would subsist. However, it is also worrying that while RBZ has so far done so well to allocate the 30% of the forex they retain, 70% retained by banks remains a mystery. This could go a long way in dealing with these issues.

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