The Competition Commission is investigating potential excessive price increases in response to a 44% devaluation of the Kwacha, leading to a general rise in market prices.
Innocent Helema, spokesperson for the CFTC, made the remarks to MIJ Online.
Helema said that market surveillance conducted from November 10-13, 2023, have found a surge in prices for various goods and services.
Speaking to MIJ Online, Helema stated that authorities plan to enhance monitoring of essential commodity prices for potential intervention