And Mai's Ministry is also responsible to keep tabs on price gouging, which had been a serious issue during COVID, and even now with the high cost of inflation. Unscrupulous shop owners use these opportunities to hike the cost of certain goods way beyond the prescribed price. And while there had been a recommendation to use members of the public service to assist with the monitoring of these stores, the minister said that he doesn't think that's such a good idea. He also added that the S-I to levy penalties on the shop owners who are price gouging is still in the works.
Business
Ministry Still Struggling With Price Gouging
The Ministry is addressing ongoing price gouging issues exacerbated by inflation, with plans for penalties against offending shop owners still being developed.
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