14 Dec 2010

American Samoa considers price controls

1:35 pm on 14 December 2010

The American Samoan governor Togiola Tulafono says he is exploring the possibility for the government to set the prices of certain goods, including food and building supplies.

Speaking on his radio programme, the governor said he had seen for himself the increase in prices at local shops and understands the hardship people were experiencing.

He says he has looked into import prices for some goods and can confirm that the prices paid by business owners were much lower than what they are selling for.

Togiola said he has always been a staunch believer of the free enterprise but he has seen for himself that prices for some goods are out of control.

He says he expects that there will be a lot of opposition from business owners to government intervention.