Portuguese / Spanish / English

Middle East Near You

Egypt denies price hike of 90 strategic commodities

Egyptians buy handmade confectionery at a shop in the capital Cairo on November 19, 2018, ahead of celebrations of the birthday of Prophet Mohammed, known in Arabic as "al-Mawlid al-Nabawi". (Photo by Mohamed el-Shahed / AFP) (Photo credit should read MOHAMED EL-SHAHED/AFP via Getty Images)
Egyptians buy handmade confectionery at a shop in the capital Cairo on November 19, 2018 [MOHAMED EL-SHAHED/AFP via Getty Images]

In a statement issued on Friday, the Egyptian government denied the reports of a price hike for 90 strategic commodities across the countries, noting that these reports caused a massive crisis, RT reported.

The statement indicated that the claims of price hikes in the Egyptian market were false as they were not issued by the General Federation of Egyptian Chambers of Commerce.

Meanwhile, the statement stressed that the prices of most basic commodities in the Egyptian market are still unchanged.

At the same time, the statement pointed to a decline in prices during May compared to April of some commodities including fish, poultry, milk and fresh vegetables.

Other commodities such as meat and fruits have maintained stable prices.

READ: Egypt denies surge in frozen meat prices

Categories
AfricaEgyptNews
Show Comments
Show Comments