By Elsa Baxter
Officials to monitor store prices to prevent overcharging during holy month.
A special committee to monitor prices of goods during Ramadan toprevent overchargingwill be set up.
Officials from the Ministry of Economy met major retailers on Tuesday to urge them to reduce prices on goods during the holy month, reported WAM news agency.
The month usually sees a spike in consumer spending as people stock up on food for the evenings and retail outlets offer special Ramadan foods. Advertising spending also rises as firms buy lucrative slots on evening television.
Spot checks will be carried out at major retailers across the UAE by officials to check prices of basic goods, said Dr Hashim Al Nuaimi, director of the Consumer Protection department.
Al Nuaimi urged retail outlets not to “attempt any price manipulation and to increase the items in the Ramadan basket.” He also asked retailers to set up special offers.
A price list for goods on sale during Ramadan was agreed, the details of which are due to be announced shortly.
Whats the use of checking the price its always high they reduce the price when officals check and increase as soon as they leave. There should be some kinda alert to the people that the officials have visited the place and should display the price list when they were checking so that the people know that the prices won't be increased after they have left.
I think this is a very good approach by the Ministry. Also a suggestion that if they could reduce prices for labourers it would be really good as they would not be able to afford in the Holy month of Ramadan