WILLEMSTAD – Minister of Economic Development Roderick Middelhof has stated that price increases on essential goods in Curaçao remain limited, countering public concerns about sharp rises in supermarket and wholesale prices.
Speaking during a parliamentary question session, Middelhof said recent data shows that prices within the basic goods basket have increased by approximately 1.36 percent. He emphasized that there is no evidence of disproportionate price hikes in the retail or wholesale sectors.
According to the minister, much of the confusion stems from a lack of clarity about what is included in the basic goods basket. He explained that the government does not set the price of products or their original import costs, but instead regulates the maximum profit margins for wholesalers and retailers.
As a result, fluctuations in international prices or rising transportation costs are reflected in the final consumer price. Middelhof noted that increased fuel surcharges—particularly for gasoil—have contributed to higher transport costs, rising by an estimated 10 to 12 percent. This, he said, translates into a modest increase in retail prices of between 1.36 and 2 percent.
The minister also pointed out that the formal regulation governing the basic goods basket has not been in effect since September 2025. Despite this, supermarkets have generally continued to adhere to previously established margin guidelines.
He stressed that the government remains vigilant and will intervene if excessive price increases are identified. Ongoing price monitoring is being carried out by the ministry, with the consumer foundation also playing a role in informing the public.
Middelhof added that the government aims to strengthen consumer awareness, encouraging individuals to make informed purchasing decisions rather than relying solely on government intervention.