Iraqi Markets Face Rising Prices
The Iraqi markets are experiencing a significant increase in the prices of goods and services, due to rising transportation costs, higher taxes on imported goods, and disruptions in global supply chains. This has led to approximately a 60% rise in the prices of electronic devices, a decline in citizens' purchasing power, and a reduction in store sales, with some shops closing due to inability to pay rent. The bakery sector has also been severely affected by the rising costs of flour and fuel, resulting in reduced product quantities and increased production costs. Iraqi families are struggling more than ever to meet their basic needs, especially amid declining purchasing power and delayed salary payments.
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