Wednesday 10 November 2021
Books – Muhammad Abul-Majd:
Matti Hani, head of the Internal Trade Committee at the General Division of Importers, said that the price hike globally will continue until next February, noting that citizens will adapt to the price increase after next February.
And “Hani” added in her interview with “Al-Hayat Al-Youm” program on “Al-Hayat” channel on Wednesday evening, that it is difficult to drop prices again, saying: “It is very difficult because the numbers indicate that the importer is pricing based on cost, expenses, shipping and profit margin.”
He added that many products are imported from abroad and the cost of shipping has increased by 800%, as the cost of shipping the container reached $18,000 instead of $2,100, stressing that there are significant increases in the costs of importing products from abroad, which will lead to an increase in prices locally.