Government lifts price controls on some basic goods

www.vheadline.com Posted: Tuesday, March 11, 2003 By: Robert Rudnicki

The government has decided to lift the maximum price controls imposed several weeks ago on some basic goods as shortages have resulted from the policy as reduced profit margins have made producing the goods unprofitable for many manufacturers.

Following the decision prices of some basic goods have been increased by as much as 40%, including imported goods like pastas and cheeses.

The change in the government's position sees 34 goods removed from the previous list of 169, and now only 135 products remain subject to maximum price controls.

The decision was apparently taken following talks between manufacturing sector representatives and government officials.