Cabinet: commodities prices to drop by 2023

Cabinet's spokesman Nader Saad said that the state is working hard to ensure that goods reach citizens at a fair price without exaggeration by traders, and that prices will drop starting from the new year.

In a call-in with “Sada Al-Balad” channel, the spokesman added that the government has taken the initiative to pump commodities in large quantities in the recent period to prevent a crisis in the markets and ease the burdens on citizens.

He explained that the pumping of commodities into the markets had an important role in controlling the rise in prices, citing the intervention of the state to solve the crisis of rice.

He stressed that the government will work hard to ensure fair prices for strategic commodities, such as oil, sugar, flour, rice, and others.