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"Is the Government Hiding True Price Inflation?" - Samuda

Release Date: 
Wednesday, March 12, 2014 - 09:45

Karl Samuda Opposition Spokesman on Industry Investment Mining and Energy has indicated that he is concerned by the Consumer Affairs’ Commission’s failure to publish  food prices surveys for more than a year.   The Consumer Affairs Commission, he observed, is empowered to compile information on any business or trade, and to assist consumers in making choices as to how they should spend their hard earned money.  He went on to ask whether the government was trying to hide true inflation from average consumers.

Mr. Samuda noted that over the period 2009 to 2011 there were regular surveys of food prices across the length and breadth of Jamaica from supermarkets and shops, and that the publication of these food prices to the public kept consumers informed on food prices. The information allowed shoppers to save a lot of time and money, and was one of the proactive ways in which the Consumer Affairs Commission performed during that period.

With the price of food on average increasing by 18% since December 2011, the Consumer Price Index has increased by 18% since that time.  It is therefore essential that the Consumer Affairs Commission regularly conducts food prices surveys and publish the information they obtain.

The spokesman said that the Jamaica Labour Party believes that in these hard times, it is more important than ever for the Consumer Affairs Commission to get back to its proactive state and give the consumers of Jamaica more information so that they make better choices on how to spend their hard earned money.

 

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