Im­port re­stric­tions push up cost of liv­ing

Chronicle (Zimbabwe) - - Business Chronicle - Busi­ness Re­porter

THE cost of liv­ing has in­creased slightly com­pared to last month, a de­vel­op­ment at­trib­uted to the in­tro­duc­tion of Statu­tory In­stru­ment (SI) 64 of 2016.

In its monthly fam­ily bas­ket report for July, the Con­sumer Coun­cil of Zim­babwe (CCZ) noted an in­crease in the price of de­ter­gents and some ba­sic com­modi­ties.

“The cost of liv­ing as mea­sured by the CCZ low in­come ur­ban earner monthly bas­ket for a fam­ily of six in­creased from the end June fig­ure of $567,38 to $567,91 end of July, show­ing an in­crease of $0,53 or 0,09 per­cent,” said CCZ.

“The food bas­ket de­creased by $0, 19 or 0,15 per­cent from $122, 79 by end-June to $122, 60 by end-July 2016. The price of de­ter­gents in­creased by $0, 72 or 6, 8 per­cent from $10, 59 to $11, 31.

“As CCZ we as­sume that the slight in­crease is due to the im­port ban which was im­posed by the gov­ern­ment. The com­pe­ti­tion in the coun­try has been re­duced, hence re­tail­ers tend to in­crease prices.”

A de­crease in prices was recorded in mar­garine, cook­ing oil, rice, toma­toes, onions, cab­bages and bath soap.

There were price in­creases recorded for tea leaves, mealie-meal, salt, wash­ing pow­der and laun­dry bar.

The con­sumer watch­dog or­gan­i­sa­tion said the price of sugar, bread, milk, flour and meat re­mained un­changed from the end of June 2016 fig­ures.

The price of the to­tal bas­ket for June 2016 only de­creased by $0,10 as com­pared to that of May 2016, which CCZ as­sumed was caused by the pre­vail­ing cash short­ages.

CCZ said it con­tin­ued “to en­cour­age con­sumers to shop con­sci­en­tiously and to al­ways buy cer­ti­fied prod­ucts”.

“Where the prod­ucts are not cer­ti­fied, con­sumers need to ex­er­cise their right to in­for­ma­tion by care­fully ex­am­in­ing if the prod­ucts they are pur­chas­ing are well la­belled, pack­aged and pro­vided with vi­tal in­for­ma­tion such as man­u­fac­tur­ing and ex­piry dates and in­gre­di­ents used in the make-up of the prod­ucts.”

CCZ con­ducts the food bas­ket sur­veys twice monthly, dur­ing the first and last week of each month.— @Bian­caMlilo

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