The Government has reported a generally stable pricing environment for basic commodities during the first quarter of 2025, with local products continuing to dominate retail shelves across both the formal and informal markets. This was revealed in an update on price movements and commodity availability presented to Cabinet by the Ministry of Industry and Commerce.
The report, covering the period January to March 2025, was based on routine market surveys that monitor 14 key basic commodities, including mealie-meal, bread, sugar, cooking oil, flour, rice, salt, milk, eggs, beef, chicken, and soap products. The Ministry’s primary objective is to safeguard consumer welfare and ensure sufficient supply across the country.
According to the findings, there is a notable correlation between the pricing of basic goods and fluctuations in exchange rates. However, the Ministry noted a positive development: the gap between the official and parallel exchange rates has narrowed, contributing to a more stable pricing environment.
The implementation of a tight Monetary Policy has also been credited for containing inflationary pressures and supporting exchange rate and price stability. Despite this, some retail and wholesale operators are reportedly facing viability challenges, resulting in branch closures, destocking, and scaled-down operations.
Compliance inspections by the Ministry led to the issuance of 245 compliance notices, 137 prosecutions, and the seizure of 3,427 units of various non-compliant products. These efforts are part of broader government initiatives to ensure fair pricing and availability of essential goods.
The Government reaffirmed its commitment to promoting a market environment where consumer interests are protected while encouraging local production. Authorities urged businesses to operate responsibly and called for continued collaboration between government, producers, and retailers to maintain price stability and product availability.
