President of the Micro, Small and Medium Sized Enterprise, MSME Alliance Donovan Wignall, says suppliers will not drop food prices, amid complaints from consumers about a sharp increase in the cost of some items.
Wignal says suppliers should brace for consumers buying less items in the coming months.
And he’s urging consumers to buy only what they need.
Hykel Nunes More in this report:
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Several shoppers have lamented on social media in recent times, that the prices for food items such as bread and rice, have increased by at least $50.
Wignal explained that there is not much more suppliers can do, to alleviate the situation.
He says dropping the prices for some items may not be on the cards at the moment.
Wignal added that consumers may even have to reduce the number of items that they would normally be on their shopping list.
According to the MSME Alliance President, consumers must to adapt quickly in order to survive..
