When businesses decide to increase prices on products, they must justify the move.
That opinion from the Barbados Consumer Empowerment Network (BCEN), which also contends that although the Central Bank Governor has reported slower inflation, Barbadians are not feeling any relief in their pockets.
Central Bank Governor Dr. Kevin Greenidge, in his latest economic review, reported that inflation has slowed down by 0.5 per cent.
However, Executive Director of BCEN, Maureen Holder, says this figure does not reflect the reality for everyday Barbadians, particularly when it comes to prices.
