Industry Minister, Senator Aubyn Hill, says there’s been a noticeable decline in food prices following a spike accompanying the passage of Hurricane Beryl.
In his recent address to the Senate, Minister Hill notes that several key items have now shown a downward price trend.
The storm had significantly impacted Jamaica’s agricultural sector, driving up prices and sparking consumer complaints of price gouging by retailers.
Minister Hill sought to assure the country that his ministry has been closely monitoring the markets.
Despite public concerns, checks by the Consumer Affairs Commission CAC found no evidence of retailers unfairly hiking their margins.
In his breakdown of price movements, Minister Hill highlighted specific goods that are seeing price relief, reinforcing that the government’s efforts to stabilize the market are working.
Senator Aubyn Hill, Minister of Industry, Investment and Commerce.