Media coverage on 'Essential goods price hike'

Essential goods price hike: ‘Price formula is another way for Govt. to interfere with businesses’

Expressing their view regarding the prevailing situation over the price increases of multiple essential goods, the Advocata Institute stated that the public has to brace themselves for a ‘rocky’ next months due to necessary hard economic reforms.

Join the conversation with Hiru News, on behalf of the Advocata Institute, which is a Colombo-based independent public policy think tank, Research Analyst Sathya Karunarathne commented on the multiple price hikes imposed in the market within the past week as well as the possible long-term solution that could be interested.

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Media coverage on මිල පාලනයෙන් පොඩි වෙන මිනිස්සු - Cyber Conference

Lifting price controls will help local milk producers

The shortage of essential products can be mitigated by creating a competitive business environment without price controls for imported and local products, according to an economic expert.

Chief Operations Officer of Advocata Institute Dhananath Fernando said by doing so, the consumer will be provided with an opportunity to select whatever goods that are suitable for them.

Participating in a discussion at the Government Information Department, he cited imported milk powder as an example and pointed out that freight charges have been increased by five or six-folds, adding that it was a world issue and not something exclusive for Sri Lanka.

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