CAA to take legal action against flour price hike

29 October 2012 08:11 pm

Consumer Affairs Authority Chairman Rumy Marzook charged that no permission or approval had been granted yet to wheat flour production companies to raise prices.

“Flour production companies cannot increase flour prices as they wish. However, Prima and Serendib increased the prices of flour from last Friday after making announcements. Therefore legal action will be taken against those companies today,” he said.

He also said that the companies had not made requests to increase flour prices.

As a result of this, the price of a 450 gramme loaf of bread was increased by Rs.2 with effect from midnight yesterday. (Jayantha Samarakoon)
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