Algerian President Abdelmadjid Tebboune has stated that the current price hikes in the country are unacceptable and reminiscent of past attempts at manipulation. During a meeting with the national press, the President emphasized that it is incorrect to claim that price increases have not occurred before, citing a 60-year history of such incidents. He acknowledged that production of certain agricultural products had decreased due to recent fires but stressed that this does not justify the current price hikes.
President Tebboune expressed his frustration with the situation, citing the example of tomatoes being sold by farmers for 20 Algerian dinars (DZD) and then being resold in markets for 140 DZD. He described those responsible for such price inflation as "criminals" who are taking advantage of the situation for personal gain. The President emphasized that the current price hikes are not caused by farmers, but rather by speculation and a desire for quick profits.
According to President Tebboune, investigations are underway to identify those responsible for the price hikes. He assured the public that his administration is taking steps to address the issue and that results will be visible starting from the next day. The President has issued instructions to the government to take action against those responsible for the price inflation and to work towards stabilizing the market.
The President's comments come as Algerians face rising prices for essential goods. The issue has become a pressing concern for the government, with many citizens expressing frustration at the increasing cost of living. President Tebboune's administration has been working to address the issue, including taking steps to support farmers and stabilize the supply of essential goods.
The Algerian government has been working to promote economic growth and stability in recent months. The President's efforts to address the issue of price hikes are seen as part of a broader strategy to improve living standards and promote economic development. The government has also been working to strengthen ties with international partners and attract investment to the country.
President Tebboune's comments on the price hikes have been widely reported in the Algerian media. The issue is expected to remain a key concern for the government in the coming weeks and months. The President's administration is likely to face continued pressure to address the issue and provide relief to citizens affected by the price hikes.
The situation remains uncertain, with many Algerians waiting to see the impact of the government's actions on the price hikes. The President's assurances that results will be visible starting from the next day have provided some hope that the situation will improve. However, it remains to be seen whether the government's efforts will be successful in addressing the issue and promoting economic stability.
Key points
- Algerian President Abdelmadjid Tebboune has vowed to tackle the country's rising prices, blaming speculation and greed.
