Thursday, August 28, 2008

Food prices increase in government outlets

(Daily News)

Food prices in state-run shops, known as gamiyat estehlakia, increased just days before the start of Ramadan, despite government efforts to curb inflationary pressures and stabilize prices ahead of the consumer-heavy month. The Holding Company for Food Industries reportedly informed its shops of the new prices earlier this week. A visit to several of these shops on Wednesday confirmed news of price hikes.

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