The two day National Economic Summit that ended yesterday acknowledged with concern the increasing cost of living and the slow growth in real incomes.
In one of the resolutions, the summit has called on the private sector to share the burden and responsibility of easing the cost of living on society, especially in an environment of global economic and geo-strategic uncertainties.
A call has also been made to review the minimum wage considering commercial realities, the cost of living and the welfare of Fiji’s working poor.
They have also emphasized the need to review price regulation in order to effectively address the cost of living due to higher inflation and have urged income support to households to address cost of living and the welfare of the low income households.
It has further emphasized the importance of the Fijian Competition and Consumer Commission to effectively monitor prices of food prices and regulate and enforce against instances of unfair trade practices and pricing.
