20 Hrs
Source:
عين ليبيا
Consumer protection tackles rising prices in Libya
The Libyan markets are currently experiencing a rise and fluctuation in commodity prices, especially for essential goods like bread, due to increased import, transportation, and energy costs. The economy heavily depends on imports, with about 90% of market needs being imported. Experts explained that the reasons for the rising prices include the increase in foreign currency rates, transportation costs, and weak oversight of the supply chain. Additionally, inflation is not solely caused by traders but results from multiple factors. The experts proposed addressing the problem at its source by supporting flour and electricity facilities for bakers and improving oversight of the grain and flour markets to ease the financial burden caused by rising costs on consumers.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)