Algerian Interior Minister Saïd Sayoud has pledged a firm response to address the recent surge in prices and speculative practices affecting the purchasing power of Algerians. Speaking at the installation ceremony of the new wali of Ksar El Boukhari, Sayoud denounced the unjustified price hikes of certain consumer products, particularly fruits and vegetables. He described these actions as "cupid" and detrimental to the population.
Sayoud emphasized that the state is closely monitoring the market and will take necessary measures to limit the effects of these price hikes on Algerians. He cited the example of tomatoes selling for 200 Algerian dinars (DA) in August, calling it unacceptable. The minister urged those responsible to respect the country's economic ethics and not engage in immoral practices that harm the nation.
According to Sayoud, the current price hikes are largely attributed to the multiplication of intermediaries, which has led to a quadrupling of prices. He also pointed to external factors, such as the global increase in maritime transportation costs and insurance premiums for goods and means of transport. The minister called on operators and traders to adhere to commercial ethics and show respect for the population.
Sayoud discussed the impact of natural crises on the economy, announcing that authorities have fulfilled the president's decisions regarding compensation for those affected, including reimbursement for damages down to the smallest detail. He also mentioned that the prices of poultry are expected to return to normal soon. The minister highlighted Algeria's agricultural achievements, including a production value of $37 billion in 2025 and 42 million quintals of wheat.
The minister addressed the issue of irregular migration, revealing that over 5,000 irregular migrants were recorded in a single instance in one of the border wilayas. He praised the efforts of security services and the People's National Army for protecting the country's borders. Sayoud also noted that Algeria continues to record a growth rate of 4%, despite global economic challenges.
Sayoud touched on several major development projects initiated by the president, including infrastructure and road construction. He announced the upcoming launch of a 2,400-kilometer section of the Trans-Saharan Highway connecting Algeria to Niger, with all allocated funds made available to the Minister of Public Works. The project is set to commence once studies are completed.
The minister concluded by emphasizing the importance of local development and citizen-centric administration, as reflected in the installation of the new wali of Ksar El Boukhari. He also recalled the president's commitment to connecting Tamanrasset to Algiers by rail before the end of the current presidential term, highlighting the government's efforts to drive growth and improve living standards.
Key points
- Algerian Interior Minister Saïd Sayoud vows to take firm measures against those responsible for unjustified price hikes and speculative practices.
- The minister attributes the current price hikes to the multiplication of intermediaries and external factors such as increased transportation costs.
- Algeria continues to record a 4% growth rate despite global economic challenges, with major development projects underway.
