By Own Correspondent| The Confederation of Zimbabwe Retailers Association has assured consumers that the recent price increases on selected goods and services are only temporary urging the public not to panic.

Speaking to a local publication, the Confederation of Zimbabwe Retailers Association president Denford Mutashu, attributed this increase to the shortage of foreign currency.

Said Mutashu:

“The public should not panic about the temporary price increases being experienced on the market on selected products.

Most manufacturers have cited shortage of foreign currency and the obtaining parallel market premiums. It will be folly to continue to think that the cash parallel market would subsist.

However, it is also worrying that while RBZ has so far done so well to allocate the 30% of the forex they retain, 70% retained by banks remains a mystery. This could go a long way in dealing with these issues.”