A PYMNTS Company

Rising Prices Before Ramadan – Dubai to Take Action

By  |  July 22, 2012

Dubai’s Department of Economic Development (DED) discovered certain hypermarkets were raising the prices of essential foodstuff during the 15 days preceding Ramadan and submitted findings to the Ministry of Economy. Prices for fruits and vegetables increased by as much as 50 percent at some retail outlets, while prices for frozen poultry and lamb increased from two to eight percent. Some retail outlets balked the trend and instead locked or reduced their prices by as much as 77 percent.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Commercial Compliance and Consumer Protection Division, stating that “monitoring consumer prices is an integral part of our efforts to protect consumer rights” have pledged to “implement all possible measures” to make essential foodstuffs available at “fair prices.”

    Full content: Gulf News

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: South African watchdog raises concern at bread price increases 

     

     

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.