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
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.