News
Consumer Prices Remain Unchanged Despite Freight Cost Reduction
Despite a recent drop in freight costs, consumer prices in Mauritius have not seen a corresponding decrease. This has led to accusations against importers and distributors of profiteering.
While importers cite rupee depreciation as a factor, economists argue that the significant drop in freight costs should be reflected in retail prices.
They assert that many businesses may be artificially inflating prices to recoup pandemic-related losses.
The need for accountability and fair pricing practices is emphasised, especially for those who received public-funded assistance.
Ultimately, the key to addressing high import costs lies in bolstering local agricultural production and processing.
This would pave the way for food self-sufficiency and reduce reliance on imported goods.
Despite challenges, consumers are adjusting their purchasing behaviour, favouring more budget-friendly options over established brands.
Source: Le Mauricien