Maximum Prices Effective from September 7, 2024
The Department of Economic Affairs in Aruba has officially announced the maximum prices for various essential products. These prices are in effect as of Sep 7, 2024, ensuring transparency and fairness for both retailers and consumers.
Overview
As of September 7, 2024, the maximum prices for several products have been adjusted. Below are some of the key products and their price limits:
- Long Grain Rice (CAMIL) – Afl 15.08 (per 10 lbs.)
- Parboiled Rice (CAMIL) – Afl 16.21 (per 10 lbs.)
- 100% Colombian Medium Coffee (MAXWELLHOUSE) – Afl 12.26 (per 9.9 oz.)
- Skimmed UHT Milk (FRISIAN FLAG) – Afl 3.76 (per liter)
These regulated prices apply to all retailers across the island, ensuring consumers have access to affordable staple products.
How the Maximum Price Regulation Benefits Consumers
The Sep 2024 maximum prices were introduced to help maintain fair pricing, especially for basic goods like rice, coffee, and milk. These regulations prevent sudden price hikes and offer protection for vulnerable consumers. The Department of Economic Affairs remains committed to safeguarding the purchasing power of Aruba’s residents.
Next Maximum Price Update
The next announcement of maximum prices will be made on September 21, 2024. Retailers who wish to request a price increase must submit their requests by Sep 14, 2024 for evaluation. Complaints or concerns about pricing can be reported by contacting the department at 521 2423.
For more details, visit this related article on consumer price regulations to understand how such regulations impact markets.
Image credit: gobierno.aw
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