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Economist: rising global commodity prices affect the domestic market
On: Sun 08/01/2012 7:01
□ Baghdad / agencies
said economic expert jeweler contrary that high food prices in local markets comes against the backdrop of increasing globally. The jeweler said, according to the Agency (news): The local markets linked to severe global markets based on the fact that Iraq imports for foreign consumer goods and food, what affects the impact of prices on international markets will be reflected on the local market.
He said the goldsmith that the Iraqi traders take advantage of the conditions occurring in the increased prices of food and goods into the fold of the price of the world, ie, that the increase if the amount (10%) of the origin, the merchant raises the price by (200%), in order to profit at the expense of purchasing power the ordinary citizen.
He Sayegh The products of agriculture and industry is totally lost in the domestic market, making Iraq influenced by changes in the prices of foodstuffs and industrial products in international markets.
There are global statistics indicate an increase in food prices in most countries of the world as a result of the global economic crisis that swept Europe and America during the last period.
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