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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.

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    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

     

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

     

     

     

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