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UCASE backs JMA's call to reduce commodity prices

Friday, November 10, 2017

KINGSTON, Jamaica — The Union of Clerical Administrative and Supervisory Employees (UCASE) has thrown its support behind president of the Jamaica Manufacturers' Association (JMA) Metry Seaga who made a call for the rollback of prices consequent to revaluation of the Jamaican dollar against the US currency.

In a statement this afternoon UCASE President Vincent Morrison said that Seaga's call should be supported by the business community in order to take some inflationary pressure off the workers, in particular, and the consumers in general.

Morrison said that the Government has a central role to play in the rollback by putting in place mechanisms to ensure that supermarket operators and other business operators conform and adjust prices downwards.

He mentioned specifically the petroleum marketing companies which he said should immediately conform and adjust prices downwards.

According to Morrison wage increases in the country average about two per cent or less over the past ten years and every effort should be made to assist the suffering workers and the consumers at all levels of the Jamaican economy.

In September the Jamaican dollar traded at an all-time high of $131.31.

On Thursday evening it traded at $126.75 to one US dollar.