Home
Economist: commodity prices will rise at the expense of ordinary citizens
ID number: 2436 Issue Date: 01/08/2012 Day: Sunday
Last Updated: 01/08/2012
BAGHDAD - Follow-up:
Likely economic expert, contrary goldsmith high food prices in local markets against the backdrop of a global increase in prices during the coming period.
The jeweler said that the Iraqi markets linked to severe global markets, the fact that Iraq dependent on outside imports for consumer goods and food, what affects the impact of prices on international markets will be reflected on the local market.
The jeweler to: that the Iraqi traders take advantage of the conditions occurring in the increased prices of food and goods to the weakening of the price of the world, ie, that the increase if the amount (10%) of the origin, the trader raises the price by (200%), in order to profit at the expense of the purchasing power of the simple citizen.
The Economist: 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.
The statistics are there to indicate a global 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.
[You must be registered and logged in to see this link.]
ID number: 2436 Issue Date: 01/08/2012 Day: Sunday
Last Updated: 01/08/2012
BAGHDAD - Follow-up:
Likely economic expert, contrary goldsmith high food prices in local markets against the backdrop of a global increase in prices during the coming period.
The jeweler said that the Iraqi markets linked to severe global markets, the fact that Iraq dependent on outside imports for consumer goods and food, what affects the impact of prices on international markets will be reflected on the local market.
The jeweler to: that the Iraqi traders take advantage of the conditions occurring in the increased prices of food and goods to the weakening of the price of the world, ie, that the increase if the amount (10%) of the origin, the trader raises the price by (200%), in order to profit at the expense of the purchasing power of the simple citizen.
The Economist: 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.
The statistics are there to indicate a global 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.
[You must be registered and logged in to see this link.]
