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Archer rejects price controls

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While the Consumer Price Index showed a slight drop in the cost of living that reduction is not being reflected on the supermarket shelves. However Finance Minister Marco Archer says food prices, like fuel prices, are volatile and cannot be influenced by Government. He pointed out that while basic food items in Cayman like milk, sugar, rice, fish and poultry are duty-free they still remain subject to global market trends. He says while some may call for price control that is not a good idea…

About the author

Reshma Ragoonath

Reshma Ragoonath

Reshma Ragoonath is a Trinidadian journalist with 16 years media experience with a strong background in print with her most recent stint at The Cayman Reporter. She has a BA in Mass Communications, as well as, an Associate degree in Journalism and Public Relations.

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