Algerian Minister of Interior and Transport Saïd Sayoud has spoken out against the recent surge in prices of certain products in the national market, which has affected citizens' purchasing power. On September 28, Sayoud expressed his concerns at the installation ceremony of the new wali of Ksar El Boukhari, Hamid Khelfaoui. He lamented the "greed" of some merchants, assuring that the state will not remain inactive in the face of such practices.
Sayoud specifically highlighted the price of tomatoes, which reached 200 Algerian dinars (DA) per kilogram in August, a price he described as unprecedented. "When you love Algeria and the Algerian people, you don't sell tomatoes at 200 DA per kilogram in August," he said. The minister noted that he has never seen tomatoes sold at such a high price in August before, with prices usually not exceeding 20 DA.
The minister emphasized that protecting citizens' purchasing power is a priority for the state. He promised that the relevant authorities will take firm action against price hikes and speculation, ensuring that the interests of both merchants and consumers are preserved. Sayoud assured that the state is closely monitoring the market and will intervene with all necessary force to address any dysfunctions.
The price hike affects various products, including fruits, vegetables, meats, and others. Sayoud provided explanations for the price increases of certain products. He attributed the rise in white meat prices to last summer's fires and heatwaves, which affected production. However, he expects prices to return to normal soon.
For imported products, Sayoud linked the price hike to external factors, such as increased maritime freight and insurance costs on certain shipping routes experiencing tensions. He emphasized that the state is working to address these issues and stabilize prices.
Sayoud's comments come amid growing concerns about the rising cost of living in Algeria. The government's efforts to control prices and protect citizens' purchasing power are being closely watched by the public. The minister's statements suggest that the state is committed to taking action against price gouging and speculation.
The issue of price hikes is a complex one, with various factors contributing to the current situation. The government's response will likely have a significant impact on the economy and the daily lives of Algerian citizens. As the situation continues to unfold, citizens are eagerly awaiting concrete actions from the state to address their concerns.
Key points
- Algerian Minister of Interior Saïd Sayoud condemns "greed" of merchants amid rising prices.
- Sayoud vows state action to protect citizens' purchasing power.
- The price hike affects various products, including fruits, vegetables, and meats.
