Rise in price of regulated foodstuffs published in Official Gazette
As provided for in the resolution passed by the Ministry of Commerce, the Ministry of Agriculture and Lands, and the Food Ministry, the sale price shall be displayed on the product or packaging
Article 2 of the resolution outlines that the given maximum sale prices shall be displayed on the product or its packaging. The regulation also provides that supermarkets and groceries shall display and give preference to the products included in the resolution over those that are not subject to price regulations.
Anyone violating the provisions set forth in the resolution will be subject to sanctions in compliance with the Law to Protect People's Access to Goods and Services.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.