Con­su­mer Cir­cle slams mis­con­cep­ti­on re­gar­ding re­tail pri­ces

Times of Suriname - - ENGELS -

The Con­su­mer Cir­cle re­cent­ly cri­ti­ci­zed the fact that re­tai­lers cre­a­te mis­con­cep­ti­ons re­gar­ding pri­ce ad­just­ments when the ex­chan­ge ra­tes go down. The Con­su­mer Cir­cle poin­ted out that when the ex­chan­ge ra­tes go, re­tai­lers im­me­di­a­te­ly rai­se the pri­ces of the pro­ducts and items in their sto­res. The re­tai­lers al­ways claim that they ha­ve to pay a lot of mo­ney when they buy goods be­cau­se of the high ex­chan­ge ra­tes. “But when the ex­chan­ge ra­tes drop, con­su­mers as­su­me that the pri­ces of the pro­ducts will al­so drop gi­ven the fact that the re­tai­lers will pay less for each pro­duct that they purchase. Con­su­mers dis­ap­pro­ve of the fact that when the ex­chan­ge ra­tes drop, the re­tai­lers claim that they can’t lo­wer their pri­ces be­cau­se they bought their pro­ducts when the ex­chan­ge ra­tes we­re high. That could be true but it is not right to keep the pri­ces at the sa­me high le­vel in local cur­r­en­cy be­cau­se the re­tai­lers get to ma­ke ex­tra pro­fit. And that is not fair to­wards con­su­mers. They are ma­ni­pu­la­ting and ta­king ad­van­ta­ge of the si­tu­a­ti­on. We con­demn this prac­ti­ce and ur­ge re­tai­lers and tra­ders to al­so drop the pri­ces when the ex­chan­ge ra­tes drop.” The Con­su­mer Cir­cle al­so ur­ged the Mi­ni­stry of Tra­de and In­du­stry (HI) to pu­blish examples of pri­ce cal­cu­la­ti­ons re­gar­ding the lo­we­ring of pri­ces so that re­tai­lers and mer­chants can see how much they can purchase. “Con­su­mers stay alert and try to de­tect each ty­pe of pri­ce ma­ni­pu­la­ti­on. We must cre­a­te a com­mu­ni­ty of ho­nest and transpa­rent tra­de.”

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