2 Jun 2009

Fiji's Prices and Incomes Board not aware of price increases

11:20 am on 2 June 2009

Fiji's Prices and Incomes Board says it is not aware that the prices of Flour, Rice and Sugar have gone up after the devaluation.

In April, the Reserve Bank devalued the currency by 20 percent, in a bid to stimulate the economy through tourism and the export market.

Some concerned residents have told Fiji Village that a number of traders have increased prices of rice, flour and sharps, sugar and other items under price control.

The acting Secretary, Lucy Naimawi, says the Board is still monitoring traders who are selling price controlled items.

Ms Naimawi says a few traders who sold goods at higher prices over the last two months have been prosecuted.