Supermarkets Assoc. President- Rajiv Diptee Higher prices at groceries coming:

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Supermarkets Assoc. President- Rajiv Diptee Higher prices at groceries coming:

Avril St Hill-Babb

Consumers will have to pay more for goods at the supermarkets soon!

This is according to President of the Supermarket association of Trinidad and Tobago Rajiv Diptee.

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He told Power 102 Digital that the unfortunate reality is that leading in to the holiday season consumers will have to dig deeper in their pockets to afford goods that were relatively affordable before.

Sky-rocketing freight rates will now add to the already high prices of goods initially triggered by global supply chain disruptions.

Freight costs went from US$4,000 for a 40-foot container to US$20,000 per container and without Government intervention it is the consumer that will have to bear that cost.

On Wednesday, Prime Minister Dr Keith Rowley confirmed that Trinidad and Tobago will be impacted by the global supply chain disruptions and clogs and yesterday, members of the food distribution and business sector weighed in on the adverse impact of the bottlenecks, saying there could be higher prices and even difficulty for consumers to access goods.

Diptee said this is something that has never been seen before in T&T.

He assured that leading into the holiday season many supermarkets will be doing what they can to control high prices.

He said while the removal of VAT from some items is welcomed, there are still challenges, however the real power remains in the hands of the consumers.

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