According to a study conducted by the Price Committee of the Consumer Affairs Authority, the prices of milk powder, wheat flour and cement will have to be increased in the next few days after obtaining the final approval of the Cost of Living Committee, a senior official of the State Ministry of Consumer Protection said.
The official said that despite the importers' request for an increase in the local prices due to the increase in the international market prices of these three items for about six months, they had continued to discuss the matter. He said the new prices would be implemented with the final approval of the Expenditure Committee.
The Consumer Affairs Authority (CAA) Pricing Committee and its Board will publish the details of the study on these three products in the near future. The official added that there has been an increase.