Prices for basic goods should revert to 25 March level – Govt

Zimbabwe vice president Kembo Mohadi has announced that prices should revert to 25 March levels.

In a surprise move the government said:

The Ministry of Industry and Commerce in partnership with the Consumer Council of Zimbabwe has been continuously monitoring the food basket cost. When His Excellency, the President E.D Mnangagwa announced the lockdown, prices skyrocketed generating increasing difficulties for the general public to access food items such as bread, sugar, cooking oil, mealie meal and flour.
There was a general agreement amongst the multi-sectoral partners that the price increase particularly during the lockdown was speculative and unjustified. The multi-sectoral stakeholders committed to a price moratorium to operate based on the prices which were applicable on the 25^th of March. The moratorium will also apply to all value chain players.

If we learn anything from history this should see product being withdrawn from shelves especially as some orders will have been made on new pricing.