Business

Mom-and-Pop Stores Most Common Violators

NASSAU, BAHAMAS – Be on the lookout when shopping – that warning coming from the Price Control Commission, which is calling on residents to report price violations.

Published

1 year ago

March 16, 2023

Berthony McDermott

NASSAU, BAHAMAS – Be on the lookout when shopping – that warning coming from the Price Control Commission, which is calling on residents to report price violations.

Amid public outcry of overpriced products in stores and the ongoing impact of inflation, officials from the Price Control Commission have determined that mom-and-pop stores are the greatest price control violators.

Theodore Curry, Senior Inspector, said officials are keeping a close eye on these businesses.

Residents have been expressing outrage over what seems to be escalating prices in some stores.

Rex Adderley, Price Control Commission Director said when violations are cited, warnings are issued.

The warning is followed by a fine of up to $5000 for each infraction and a term not exceeding six months.

But is it enough?

Recently, the rising price of eggs in food stores took many by surprise, prompting the government to encourage the local production of eggs.

The commission has come under fire as many feel they are ineffective.