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.
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.
Read more Business
Jordan News
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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.
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.
Read more Business
Jordan News
