BY JOHN HOUANIHAU
Not all products sold in Honiara shops are subject to the Price Control Act.
Director of the Consumer Affairs and Price Control Division within the Ministry of Commerce, Industry, Labour & Immigration Geoffery Dan Hou’ua said in an interview with Island Sun.
Mr Hou’ua said this when he clarified the concerns raised by citizens regarding the rising prices of goods.
“When we conduct our assessments, we gather all relevant documentation, including records from the shipping companies, suppliers, customs, and our shipping agents. Therefore, we do not simply propose casual figures for businesses to set their prices,” he explained.
He said that the Price Control Act applies specifically to food items, household groceries, and fuel, including LPG, which are essential for consumers.
Hou’ua said the necessity of these items, stating, “For instance, food is a basic need that no one can forgo. Fuels are vital for transportation, and LPG is also important”.
He further said that the price control act also requires precise markup percentages for businesses.
“For instance, companies such as Wholesales, Super Power, Low Price, George Wu, and Sol Tuna etc are permitted a maximum markup of 10%, with a price increase limit of 6% and 13% for retail shop,” Hou’ua said.
He said that the Division changes prices twice a year, with one change typically published in the gazette around February or March and another around July or August.
“The most recent gazette was issued on Thursday, 20 March 2025. The delay was due to the procedural requirements involving the Attorney General’s chambers, the Minister, and the Prime Minister’s Office before publication,” Hou’ua explained.
Hou’ua also mentioned that numerous factors contribute to price inflation.
“This may include increases in prices of products overseas, shipping or transportation costs, among others,” he added.
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