Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Expat arrested for immoral act at a massage center in Jazan    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Saudi market shows resilience in Q1 2025 despite global volatility: Report    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Guterres warns two-state solution is 'near a point of no return'    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Inflation burdening parents as schools open next week
Published in The Saudi Gazette on 27 - 08 - 2012

As schools gear up to open next week, salesmen stock their stores with various school supplies. — Okaz photo

Amal Al-Sibai
Saudi Gazette
Schools will start in a week's time and stationery shops are now flooded by children and their parents, instead of grocery stores and sweet shops during Ramadan and Eid in the past week.
However, stocking up on Ramadan foods followed by shopping for new Eid clothes and gifts, and then purchasing school supplies and paying exorbitant amounts of tuition fees has come up as a severe financial blow for most parents in the Kingdom.
Some residents who spoke to Saudi Gazette said that there has been an unjustifiable increase in prices on all commodities in general in Jeddah. For example, ever since the government imposed a ban on taking service charges from customers, they have gradually raised the prices of most of the dishes in their menus.
“It is our family tradition to dine out for lunch on the first three days of Eid to celebrate and for me to relax from the task of cooking. Even at average restaurants, not to mention the five star ones, the prices have drastically increased. I want to know why carbonated beverages at restaurants range between SR7 to as high as SR12 at some places. The same bottle of drink can be purchased for SR1.5 at the grocery stores. Why do we have to pay him five times the original price?” complained Farah Muhammad, a resident of Jeddah.
The average Saudi family spends no less than SR500 on a regular trip to the grocery store for just basic needs. On average, with slight discrepancies between one store and another, these days a kilogram of tomatoes costs SR10.95, cucumbers SR6.95, green beans SR10, Australian carrots SR10.95, boneless skinless chicken breasts SR18, and a large 5kg bag of rice around SR35.
When the main breadwinner of the family earns a modest salary which is to be split between rent, car, gasoline, food items, school supplies and fees, even a small inflation in prices can lead to financial hardships.
Adel Al-Ghamdi, a young Saudi father, was so disgruntled and fed up with the increasing financial demands he has been running into that he is seriously contemplating to move to another city like Al-Baha where the cost of life on basic items are less.
Al-Ghamdi however highlighted an important point that almost all people tend to overlook. We usually blame merchants and businesses for hike in prices and for driving families into financial distress, but the truth is that as consumers we live in a culture that dictates us to spend exorbitantly.
“Both my wife and I are working, yet our combined salaries are not enough to cover our expenses and our desires for finer things. During the first week of Ramadan we extravagantly spent on food staples such as dates, lentils, oats, apricot paste for juice. Some of the leftover items are still sitting in the cupboard one week after Eid. Our society expects women to wear new and fancy clothes on each day of Eid. Now with schools around the corner I am in serious financial trouble. I have received a job offer in Al-Baha and I am thinking of taking it because I believe that life over there is simpler and expenses will be less burdensome,” Al-Ghamdi said.
Economic analyst Talaat Hafith said, “In effect, it is not the season or the time of year that drains the pockets of most families, it is their lack of financial planning and thinking ahead. Our culture is in serious need of well informed money management skills. It is disappointing to find that the concept of saving up for a rainy day, or allocating a fixed monthly budget for entertainment are some common aspects which are almost absent in many Saudi families.”


Clic here to read the story from its source.