Two experts attributed it to external factors, the greed of some traders, and poor market control
Consumers: increases in the prices of goods and services up to 40%
The rise included food and some non-food commodities.
Photography: Ahmed Ardeti
Ibrahim Al-Bahr: “Tightening control and taking measures against violators to stop unjustified rises and not add burdens to consumers.”
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Consumers reported increases in the prices of a large number of consumer goods in the markets, supported by the rise in fuel prices, noting that the increases amounted to 40%, and included food and non-food goods, and several services, whether directly related to fuel prices or not.
They said that a major part of the significant rise in prices is due to the greed of traders and weak supervision, while other consumers saw that the price hike included all countries of the world, and that this is a natural and expected thing, because fuel prices come within the costs of transporting goods, noting that although The rates of increase are large, but they are considered acceptable, compared to the global inflation situation.
The opinions of consumers came, in their response to a survey conducted by "Emirates Today", through its pages on social networking sites, which included the following question: In light of the rise in fuel prices... have you sensed a change in the prices of consumer goods in the markets?
On the other hand, two retail experts said that the price increases are due to external factors, in addition to the greed of some traders, and their exploitation of conditions, in light of weak market control, to raise commodity prices by large percentages, to increase profitability.
Goods' prices
In detail, consumers said that they saw an increase in the prices of a large number of consumer goods in the markets, in light of the increase in fuel prices.
Consumers, who participated in the survey, which received great interaction and widespread participation through the newspaper's pages on the communication sites, indicated that the rise included food commodities, such as some types of bread, sugar, oils, milk, flour, poultry, meat, tea, vegetables and fruits, as well as some non-food commodities, such as detergents and diapers. Children and building materials, in addition to some services, such as knitting, electricity, carpentry, beauty salons and delivery services, as well as meals in restaurants, and others, explaining that the rises are large, reaching 40%.
They pointed out that the rise included several commodities, whether directly related to fuel prices or not, explaining that they noticed increases in the prices of commodities, before the increase in fuel prices, due mainly to the greed of traders, and not to the rise in fuel prices.
In their response to the survey, consumers said that their purchase bill increased during the last period, although they buy the same products, all of which are basic and non-recreational commodities, demanding higher salaries to create a balance and support market control.
They called for the need for adequate control over the markets, and that shops raise prices without controls, and that merchants take advantage of weak oversight to raise prices in large proportions.
Goods storage
They pointed out that cooperative societies have become profitable, and their prices have increased significantly, and that some traders store goods, then sell them at high prices, despite their presence in stores, and buy them at old prices, noting that restaurants have raised their prices, and restaurants have resorted to reducing food quantities in Meals, as a way of not directly increasing prices.
Other consumers, who participated in the survey, stressed that the increase in prices included all countries, and that this is a natural and expected thing, because fuel prices are among the costs of transporting goods, noting that although the rates of increase are large, they are considered “acceptable”, compared to the case of inflation. globally.
A number of consumers, who participated in the survey, demanded a reduction in commodity prices in the event of a decrease in fuel prices in the future, noting that just as merchants raised prices due to the high cost, especially fuel prices, they should reduce prices in the event of a decrease in cost, and a decline in fuel prices.
fuel prices
For his part, the retail affairs expert, head of “Al Bahar Consulting” company, Ibrahim Al-Bahr, said that “there are significant price increases in the markets, amounting to 40%, part of which is due to the rise in fuel prices, as well as the increase in shipping prices by rates of more than 200 %, especially in light of the Ukrainian war,” referring to a shortage of containers, which also contributed to the rise in prices.
Al-Bahr explained that “the price increases in the markets are not only due to these external factors, but also to the greed of some traders and their exploitation of conditions, in light of weak market control, to raise the prices of commodities in greater proportions than they should be, and to maximize profit margins.”
He called for tighter control, and strict measures taken against violators to stop the unjustified rises, and not to add burdens to consumers who suffer price increases in major goods and services that cannot be dispensed with.
In turn, an expert in retail affairs, Davey Nagpal, said that "the rise in prices is natural and expected, in light of the unfavorable international conditions that affect various countries," noting that "this does not prevent that some traders took advantage of the situation to raise prices in large and unjustified proportions." .
He called for the need to tighten control over markets, in light of the current international situation, which affects various countries of the world, to reduce its effects on consumers in light of the stability of their incomes.
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