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Essential Goods Prices Platform Strengthens Market Oversight: ’Ministry Of Economy’
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AbuDhabiCityGuide.com: News Feed
The Ministry of Economy and Tourism said that the Essential Goods Prices Platform, launched in April this year, has strengthened the market oversight ecosystem across retail outlets in the UAE by continuously monitoring the prices of essential goods and providing accurate analyses that enhance monitoring and decision-making mechanisms.
The platform has successfully established an advanced digital database for market monitoring and price trend analysis, while strengthening integration between digital oversight systems and field inspections.
"As part of the ministry's ongoing efforts to strengthen market oversight, the Essential Goods Prices Platform provides an advanced digital tool for monitoring prices and tracking changes in price levels and market movements with greater consistency and accuracy," she said.
She added that the ministry conducts regular analyses through the platform to monitor market developments and track price fluctuations.
The Essential Goods Prices Platform currently provides pricing data for 8,343 products across 13 major retailers, comprising a total of 525 outlets.