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Leading Supermarkets Slash Down Prices

Retailers in Harare, Mutare and other cities and towns have indicated that prices of basic commodities have started going down in response to the introduction of Statutory Instrument 142 of 2019.

The Statutory Instrument reintroduced the Zimbabwe dollar and made it the sole legal tender for domestic transactions.

Manica Post quotes OK Mutare management saying prices have been reduced and were in the process of replacing the old price tags. 

One of the supervisors, who declined to be named as he is not authorized to talk to the press, said prices of many products had been reduced and were in the process of replacing the old price tags.rices of basic commodities have started falling as retailers respond to the tumbling of the exchange rate on the black market following the abolishment of the multi-currency system by Government last week.

“Prices of most basic commodities have gone down since the scrapping off of the multi-currency system. Our customers have not yet seen the changes because we are still in the process of changing our price tags,” he said.

The price of 2litres of cooking oil in OK was reduced from $27 to $25 while 2kg sugar now cost $10,15 down from $10.25. Two litres of Mazoe Orange Crush has also come down to $16,95 from $21 and a tube of toothpaste from $6,29 to $5,99. Gloria cake flour was also down to $16,89.

Price on Mazowe Orange crush has gone down

At Spar Supermarket, prices had also been reduced with a 2litre bottle of cooking oil now costing $14,99 from $27. Rice, which had increased to $22 for 2kg was reduced to $15.29, 2kg Washing Powder from $15.95 to $12.99, a pack of tissues reduced from $10.50 to $7.99 and 1kg powdered milk from $32.95 to $28.99.

At TM Pick n’ Pay Supermarket,a 2kg of rice now costs $16,99, with 2g sugar costing $9,99, Mazoe $23,99, cooking oil is at $27,49 and a tube of toothpaste is at $5,99.

“Prices of most basic commodities have gone down since the scrapping off of the multi-currency system. Our customers have not yet seen the changes because we are still in the process of changing our price tags,” the shop said.

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