Of firms that have raised prices of their products and services recently, many have done so for the first time in more than two decades, and at present, firms themselves have limited experience in terms of raising prices. Moreover, consumers are not yet accustomed to an environment where both wages and prices increase at a certain pace.
This is further complicated in some of our nomadic communities whose physical address is determined by availability of pasture and water. Given our experience, we would greatly welcome an opportunity for this Group to engage in a discussion of these peculiar challenges.