Marginal rise in food prices

HARARE - Food prices rose slightly in November after stagnating for months, the Consumer Council of Zimbabwe (CCZ ) said yesterday, amid declining disposable incomes.

The marginal rise in prices last month was attributed to shop-owners marginally hiking prices.

Rosemary Siyachitema, CCZ executive director, said the cost of living for a low income urban earner for November increased to $562,02 from the October figure of $561,99, with the food basket recording an increase of $1,07.

Siyachitema said the increase was not much, but expressed fears that prices might continue to increase gradually.

“We are not sure of the reasons behind the increase as the prices have increased by cents, but it is something that the shop owners do in order to meet their demands, they increase the prices,” Siyachitema told the Daily News.

She said the price of commodities has been fluctuating throughout the year, though with trivial percentages.

Prices of commodities such as mealie-meal, tomatoes and beef have gone up with a marginal percentage of 0,03 percent.

Comments (1)

I really wonder whether the 0.19% ($1.90 per $1000 )increase was as a result of price increases or rather a rounding off error or change of the sample shop outlets. Unless it is a beginning of a trend the change is statistically insignificant , economist ( and consumers) should not lose sleep over it.

fairness - 12 December 2013

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