Economy November 29, 2024 | 10:12 am

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Federation of Merchants criticizes unjustified price hikes ahead of December

Santo Domingo.- The Federation of Merchants has raised concerns over unjustified price hikes for basic family products just days before December. Ivan Garcia, president of the Dominican Federation of Merchants, explained that these increases have been occurring over the past 60 days, particularly impacting everyday items like coffee, which has seen price rises for small servings.

Garcia criticized the hikes as unnecessary, noting that some products have been marked up without clear justification, especially as the holiday season approaches. Despite efforts by government bodies like the Agriculture Ministry and INESPRE to offer discounted goods, the price increases continue to burden consumers, particularly employees and housewives, who are forced to reduce their purchases to make ends meet.

Source: Noticias SIN

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Paul Tierney
November 29, 2024 10:38 am

“Greed” is the reason for the price hikes, period!