The government has tasked the National Competitiveness Commission to engage stakeholders to identify the cost build up in the value chains of essential products, a development expected to assist in mitigating the continued price hikes.

Despite the drop in the prices of essential products such as cooking oil, beef  and chicken  following engagements between the government and producers of these end products, there    are some retailers who have remained defiant and continue to maintain the  high prices and a three tier pricing model.

The Reserve Bank of Zimbabwe (RBZ) last week chipped in to allocate foreign currency to retailers and manufacturers to cushion them against the high premiums on the parallel market, but some retailers have maintained the desire to draw huge profits.

The government has therefore put its foot down to weed out the culprits within the value chains responsible for pushing prices.

Investigations highlight that a kilogramme of dried kapenta is hitting almost $14 dollars, yet the wholesale price is pegged at $7.50 per kilogramme at source. 

Such disparities remain a source for concern for consumers, according to Consumer Council of Zimbabwe (CCZ) Executive Director, Ms Rosemary Siyachitema.

Players in the retail sector believe the measures being implemented by the government will rein in the exorbitant mark ups.

High prices remain a huge concern for the government which says it will continue to dialogue with the stakeholders to find lasting solutions to some of the challenges cited by the industry.