December 5 2022 2:17 PM E-paper Subscribe Sign in My Account Sign out

Local food prices are ‘recovering’ — minister

market
(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Minister of Industry, Trade, and Supply and Minister of Labor Yousef Al-Shamali said on Monday that food prices in the local market continued to recover last month, with most commodities dropping, according to the Jordan News Agency, Petra.اضافة اعلان

The minister attributed the drop to declining food prices globally, and strict government monitoring measures to curb price hikes.

In a statement, the minister said the decline was also due to falling oil prices, and its impact on production and transport costs.

He noted that the ministry is closely monitoring the local market, and the changes in global prices as it imposed controls to ensure adherence to the industry and trade law and regulatory legislation.

In a comparative study, the ministry found that the prices of 144 food items remained stable, or dropped in October, compared with September, when the price of 68 commodities decreased.

That included vegetable oil at a 6-percent drop, meat and poultry 8 percent, rice 4.5 percent, and sugar at 3.5 percent.

The prices of vegetables also declined, while those of 76 other commodities, including dairy products, remained unchanged, it said.


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