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Eva Abi Haider wrote inThe Republic“Once again, the humiliated citizen lives in a race with the dollar. After the dramatic rise in the dollar exchange rate on the black market, it is clear that consumers flock to purchase and storage, but their purchasing power still allows what?
A new wave of increases in commodity prices began to appear successively as a natural result of the rise in the price of the dollar on the black market to 10,000 pounds, but the rare scenario that is expected to increase, perhaps in the next few days It is the video that was broadcast yesterday on social networks about a dispute between consumers in A bag of milk that was already missing was found by accident in a supermarket. It is true that the supermarket management later clarified that the problem is caused by a customer’s desire to obtain a large quantity of subsidized goods, particularly oil and milk, so that other consumers may be deprived of the two basic products, but This does not prevent that the scene can be repeated in different circumstances, and confirms the predictions that “people are going to eat a little”, and what is to come is worse..
In this context, the head of the Union of Supermarket Owners Nabil Fahd announced that the prices of consumer goods began to rise affected by the exchange rate, which reached 10,000 pounds in the parallel market against the dollar, and we have started to receive new price regulations from suppliers and we are working to change prices to adopt the new price, and he told Al-Jumhuriya: “The price increase will affect all imported items, especially after the price of the The dollar against the pound suddenly rose 10 percent. He stressed that this increase will be different from one commodity to another, but will range from 5 to 12 percent. He said: Contrary to what prevailed in the past, grain prices will not change because they are subsidized at 3,900 pounds to the dollar.
Fahd explained that the margin for calculating the price of the dollar in commodities differs from product to product, because the product that sells quickly will not increase in price much because the trader recovers its price immediately and buys the dollar, and for goods that take about two months before they are disposed of, the supplier increases the dollar pricing margin by no more than 5% because he fears that after charging their price in the market, the price of the dollar has risen against to the pound.
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Source: The Republic
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