Retailers hiking commodity prices: President Uhuru Kenyatta yesterday during the national presser warned wholesalers and retailers against taking advantage of the Covid situation and hiking commodity prices.
We will not entertain hoarding or raising the prices of commodities…serious and severe action will be taken against anybody seen to have taken unnecessary and undue advantage of this crisis.president Uhuru Kenyatta warns against hording of commodity prices
This was expected. Retailers are known to take advantage of any situation that arises and make extra profits by hiking prices.
Reports indicate, a number of commodity prices, mostly the perishable have had their prices hiked.
Retailers claim the hiked commodities are scarce and expensive if found hence the sudden increment in price.
Vegetables, more so tomatoes, Onions and kales have had their prices extremely hiked in some areas including Nairobi and Mombasa.
A packet of milk that retailed for Ksh 50 is now retailing at Ksh 60 or 65 in most parts of Mombasa and its environs.
Mineral water, (bottled water) is now retailing at Ksh 55 from Ksh 40 for the 1.5-litre bottle in some areas.
If the situation is not tamed early enough, prices of majors consumables like Unga, sugar, cooking oil and rice are expected to go high. This is expected within weeks if not days.
The president promised Kenyans that his government had put up measures to see to it that the current situation does not affect the livelihood of any citizen.