The Kuwaiti Ministry of Commerce and Industry launched a system to monitor commodity prices on its official website to facilitate the shopping process for consumers.
In a statement, the Ministry of Commerce said consumers can now enter the system to check the prices of basic foodstuffs in cooperative societies, supermarkets and other sales centers before leaving the house and without the need to move from one market to another, reports a local Arabic daily.
The ministry explained that the price data is entered and updated by cooperative societies, and all that the ministry does is monitors and scrutinizes them regularly in accordance supply and demand system, as part of its efforts to prevent any artificial price hikes.
This system, the sources say, will facilitate the work of the ministry’s inspectors and help them in price monitoring and control, and control violations of the artificial increase in the price, which is in the interest of the consumer and helps the merchant to determine the prices of goods and abide by them.
The ministry stated that the system will be continuously updated with the addition of seasonal foodstuffs, noting that this system was the result of “unremitting efforts and cooperation between the Ministry and the Federation of Societies and Private Central Markets.”
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