Prices rise in Syria by more than 20% within two weeks

Prices rise in Syria by more than 20% within two weeks
Prices rise in Syria by more than 20% within two weeks

The increase in fuel prices was reflected in the rest of the goods in the Syrian market (France Press)

The prices of consumer and industrial goods increased by more than 20% within two weeks in Syria, but the pace, according to private sources from Damascus, was greater during the past week, after raising the transportation wages and raising the prices of industrial products.
According to the “New Arab” monitoring of prices in the Syrian capital through private sources, it was found that prices increased by about 10% during the past week and the same week before, bringing the price of a kilo of Egyptian rice to 2,250 pounds, a kilo of sugar to 1,350 pounds, a kilo of flour to 1,500 pounds, and tea to 15,000 Lira and coffee to 2,500 liras.
The sources confirm that the price increase of animal products was the highest during the past week. According to the sources, a kilogram of chicken was recorded at 3500 pounds and lamb meat 23 thousand pounds.
And with the fact that the local currency exchange rate fell from 2,300 pounds against the dollar last week to about 2,450 pounds today, Sunday, the price of gold in the Syrian market rose by about 4,000 pounds within a week, to record today 123.2 thousand pounds per gram of 21 carats.

Last week, the Assad government raised the price of a liter of subsidized and unsupported gasoline, so that the subsidized price of a liter of 90 octane was 450 pounds, the unsupported octane 90 was 650 pounds, and the unsupported octane 95 was 1050 pounds, after raising the price of industrial diesel from 296 pounds per liter to 650. Lira by 120%.
Expected collapse
Syrian economist Hussein Jamil says that “the collapse of the Syrian market will inevitably come, after raising energy prices,” noting that “oil derivatives are inflammatory commodities whose effects have begun to be reflected in transport wages and production costs, and thus on all commodity and product prices, although in stages, they will explode with the end Year, inevitably. “
The Syrian economist believes, during his speech to Al-Araby Al-Jadeed, that solutions are non-existent today, so raising wages and salaries will have a negative impact on inflation, adding that raising fuel prices will put factories and production companies in front of two solutions, raising prices or closing, and the closure is more likely in front of the inability of the Syrians. Purchasing. ”
The head of the textile sector in the Damascus Chamber of Industry and its countryside, Muhannad Daadoush, says that the negative consequences of the increase in fuel prices and exchange will be reflected in clothing prices this winter, by increasing 3-fold.
He added during media statements today, Sunday, that the textile sector is the most affected by the increase in the price of industrial diesel, because 70% of the cost of producing textile dyestuffs depends on diesel and fuel, which will lead to an increase in its cost.
For his part, Syrian economist Salah Youssef told Al-Arabi Al-Jadeed that the problem is not the increase in the price of diesel, which will be reflected on all commodities, but also the regime’s inability to secure the material.
He added, “Industrialists accept the new price because they were buying a liter of diesel on the black market, at about a thousand pounds when its official price was 296 pounds.”

The Syrian economist added, “The biggest disaster is the high price of food. Syrians today live in hunger in the full sense of the word, to complete the mockery with the one-time grant of 50 thousand pounds that the regime provided, and it no longer buys 2 kilograms of meat or winter clothes for a child.”
The government of Bashar al-Assad promised the Syrians to increase salaries and wages two months ago, so that the Syrians would be surprised a few days ago, with a grant of 20 dollars for one time, so that the average wages remain at the threshold of 60 thousand pounds, while the family’s living costs exceed, according to the Qasiyoun Center for Studies in Damascus, more than 600 thousand Syrian pounds monthly.

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