CAA blocks move to increase 'Food Prices'

Food price increase "will not be allowed" - Consumer Affairs Authority

by Staff Writer 30-04-2018 | 12:20 PM
COLOMBO (News 1st) – The Consumer Affairs Authority (CAA) has stated that restaurant and hotel owners will not be allowed to increase the prices of food, following  the recent increase in Gas prices. The CAA says that "there is no plausible reason for food prices to be increased." The CAA explained that though the price of gas has been increased by Rs. 245, the total price of a Gas Cylinder still remains well below prices existant during 2014 and 2015. The cost of a cylinder now stands at Rs. 1679. Following the price hike, the All-Island Canteen Owners Association announced that they plan to increase the price of a lunch packet by Rs. 10.

Read More: Ripple effect of increasing gas prices