The development's been seen by some in the business sector as inevitable, but the labour movement has warned that it'll bring greater hardships to the Grenadian people.

The price of flour's going up by between seven to ten percent, and that'll mean a hike in what's being paid for bread and other bakery products on the island.

Also being implemented is an average 25 percent increase in bus fares, and cooking gas too will force consumers to dig a bit deeper into their pockets.

Inflation blamed

Government Minister Gregory Bowen who holds several portfolios including energy and agriculture, says inflation and other factors have forced the decision to implement the price increases.

"We do not have the resources to subsidise, as many people believe we can, and that is the main problem," he told BBC Caribbean.

But the Chamber of Commerce is criticising what it calls an adhoc and piecemeal approach on the part of the authorities.

Freight rates a problem

Spokesman Chris de Riggs recommends as part of the solution, trying to get a reduction in freight rates from the shipping companies.

"One of the things I would think of is how does government work with its regional partners, the other territories in Caricom to address the question of freight. Negotiate with the shipping companies for a reduction in freight," he advised.

However Minister Bowen says that's an approach already being pursued.

"In Caricom the heads (of government) are already talking about transportation costs," he confirmed.

The trade unions on the island admit that international inflation has played a role in the latest price hikes.

But they're clearly not happy with increases they see impacting on the country's workers and Grenadians in general.