Expo 2030 Riyadh registration dossier receives final BIE approval in Paris    Ministry of Hajj suspends 7 Umrah companies over transport violations    Al-Daqal Castle: A timeless sentinel in the mountains of Abha    Saudi Arabia participates in CERF advisory group meeting in Geneva    Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally    Mobile Festival across Riyadh features Dar wa Emaar's annual Eid Al Adha celebration The mobile festival reinforces the company's commitment to building vibrant communities and enhancing quality of life beyond unit delivery.    Trump abruptly leaves G7 Summit as Israel-Iran conflict intensifies    Iran launches fresh missile attack on Israel as conflict enters fifth day    15 killed in worst Russian strikes on Kyiv in almost a year    Jeddah Astronomy reports solar flare triggering geomagnetic storm    California doctor to plead guilty to supplying Matthew Perry with ketamine    Culture Ministry to present second edition of 'Terhal' performance in Diriyah this August    Saudi Arabia beat Haiti 1-0 to open 2025 Gold Cup campaign    Smart applications transform visitor experience and accelerate digital transformation in Saudi tourism    Riyadh residents to receive alerts on nearby infrastructure work    Saudi Arabia miss World Cup spot after Australia defeat, head to Asian playoff    Al Hilal president: No new signings for Club World Cup due to inflated demands    New York Gallery showcases AlUla Heritage sketches by French architect Heim    Saudi Arabia face uphill task against Australia in World Cup qualifier    Cowboy Beyoncé dazzles nearly sold-out stadium    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    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 in Ramadan
Published in The Saudi Gazette on 19 - 08 - 2008

Recent increases in consumer goods have worried expatriates ahead of Ramadan especially with inflation at a 30 year high.
According to a report by the Ministry of Economy and Planning's Central Department of Statistics Saudi Arabia, the cost of living index rose to 115.5 points by the end of June from 114.4 points last June. “Lentils, which used to be SR4-5 per kilo last year are now SR8-10 this year. Price of rice has soared more than 100 percent in the past year and- a-half. A bag of 10 kilo rice which cost SR28-34 is now SR70-74,” complained Mohammad Mursaleen, a flour-mill shopkeeper. “This time many expats are showing less enthusiasm in purchasing food. They have become frugal. My business used to excel ahead of Ramadan.”
The report also stated that food and beverage costs increased 15.8 percent in June compared with an increase of 15.1 percent in May, increasing annual inflation up to 10.6 percent which includes the upward spiraling prices of rents, fuel and water as well. Many housewives are complaining of the increased cost of staple food like rice, wheat flour, oil and lentils. They are concerned about the additional expenses for this years Iftars, which every Muslim has regardless of their nationalities. Humera Niazi, an Indian housewife lamented “Having seven family members and thinking of saving some money while spending on basic necessities is like a joke now. Every year in Ramadan I used to buy extra spices and other food stuff for Iftar but this time I have restricted my budget due to high cost of food.”
Irum Khan, a Pakistani housewife said inflation is becoming an endless struggle. “Fried foods is a Pakistani specialty for Iftar. No iftar is complete without them, but the high price of oil is forcing me to think otherwise. Moreover, the price of wheat flour is also upsetting.”
Sukaina Meer-ul-Islam, a Bangladeshi woman said “It seems important that inflation has become less important as Ramadan approaches. People are more anxious about the prices of commodities than Ramadan itself.” Many low paid workers are also worried after the restriction imposed on mosques to arrange Iftar. Ibrahim Mulla, a Bangladeshi guard said “I never worried about Iftar before. I used to go to nearby mosque, but the new rules by the ministry of Islamic affairs created something else for me to worry about. Even if the government arranges Iftar anywhere I have to spend my money to get there.” Supermarkets are offering discounts on consumer goods to facilitate consumer spending.
Syed Khurram, a sales manager at a supermarket said “Inflation has definitely lowered the purchasing power of customers. But the enthusiasm for Ramadan shopping has not decreased because of great discount offers.” __


Clic here to read the story from its source.