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Source: المصري اليوم
1 Dayالمصري اليوم
Source: المصري اليوم
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Hassan Mabrouk, head of the Electrical Appliances Division, said sales of first-grade appliances had slumped by 60% because of rising prices and the pound’s declining purchasing power. This is prompting consumers to repair their old appliances or buy second-grade ones, which may have cosmetic defects and are sold without a warranty. He explained that prices are affected by fluctuations in the dollar, rising energy and labor costs, and anti-dumping duties. He estimated the latest price increase at an average of 3–4%, varying from one company to another.
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