With Chinese Merchants on Cost of Living CONSULTATION:

GoB To Effect Measures To Combat Price Gouging

Tuesday April 4,2023, the Prime Minister of Belize Honorable John Briceño and the President of Mexico met in a virtual session to engage in discussions regarding inflation and price gouging as a part of the meeting. The global factors explain much of the reasons for the inflationary pressures being felt across the globe and in small developing countries like Belize. However, shrewd business merchants have increased some of their prices over and above their costs. Price gouging and profiteering have also been responsible for driving inflation and cost of living through the roof. Growing business costs make up the majority of the current prices of goods on the shelves, hence businesses are passing on these increases in costs onto their customers.

Seemingly, everyday consumers are being punished for what is essentially ‘greedflation’. Economist Jim Stanford, from the Center for Future Work proffered that" there is no doubt