{"id":20467,"date":"2024-06-13T14:24:31","date_gmt":"2024-06-13T14:24:31","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=20467"},"modified":"2024-06-13T14:24:33","modified_gmt":"2024-06-13T14:24:33","slug":"vice-president-jagdeo-freight-charge-hike-should-not-impact-consumer-goods-prices","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/vice-president-jagdeo-freight-charge-hike-should-not-impact-consumer-goods-prices\/","title":{"rendered":"Vice President Jagdeo: Freight Charge Hike Should Not Impact Consumer Goods Prices"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><strong>By Delicia Janneire<\/strong><\/p>\n\n\n\n<p>Vice President Dr. Bharrat Jagdeo has assured the public that any increase in freight charges should not result in higher prices for consumer goods. <\/p>\n\n\n\n<p>Speaking at a press conference on Thursday, Dr. Jagdeo emphasized that measures implemented during the COVID-19 pandemic to protect consumers from freight cost fluctuations remain in place.<\/p>\n\n\n\n<p>During the pandemic, the government maintained the old freight cost despite fluctuations, a measure intended to prevent price increases for consumers. <\/p>\n\n\n\n<p>Dr. Jagdeo highlighted that this policy has not been reversed and should continue to shield consumers from any freight-related price hikes.<\/p>\n\n\n\n<p>He pointed out that even when freight rates decreased, many businesses did not adjust their selling prices accordingly, retaining the benefits of lower costs. <\/p>\n\n\n\n<p>Now that freight rates have risen again, Dr. Jagdeo insists there should not be a significant increase in consumer prices as a result.<\/p>\n\n\n\n<p>Additionally, Dr. Jagdeo urged consumers to be vigilant against exploitative practices by businesses that might use the opportunity to unfairly raise prices. <\/p>\n\n\n\n<p>He advised consumers to avoid patronizing businesses that engage in price gouging.<\/p>\n\n\n\n<p>This reassurance from the Vice President aims to alleviate concerns about potential cost-of-living increases due to higher freight charges, reinforcing the government&#8217;s commitment to protecting consumer interests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Delicia Janneire Vice President Dr. Bharrat Jagdeo has assured the public that any increase in freight charges should not result in higher prices for consumer goods. Speaking at a&hellip;<\/p>\n","protected":false},"author":4,"featured_media":20468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,350],"tags":[],"class_list":["post-20467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=20467"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20467\/revisions"}],"predecessor-version":[{"id":20469,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20467\/revisions\/20469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/20468"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=20467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=20467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=20467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}