Economist: commodity prices will rise at the expense of ordinary citizens

[trooper]

Economist: commodity prices will rise at the expense of ordinary citizens

07-01-2012 | (Voice of Iraq) - Add a comment - Baghdad (news)

Likely economic expert, contrary goldsmith high food prices in local markets against the backdrop of a global increase in prices during the coming period.

The jeweler said in a statement to the Agency (news) on Saturday: The Iraqi markets linked to severe global markets, the fact that Iraq dependent on imports outside for consumer goods and food, what impact affects prices in global markets will be reflected on the local market.

The jeweler to: that the Iraqi traders take advantage of the conditions occurring in the increased prices of food and goods to the weakening of the price of the world, ie, that the increase if the amount (10%) of the origin, the trader raises the price by (200%), in order to profit at the expense of the purchasing power of the simple citizen.

The Economist: The products of agriculture and industry is totally lost in the domestic market, making Iraq influenced by changes in the prices of foodstuffs and industrial products in international markets.

The statistics are there to indicate a global increase in food prices in most countries of the world as a result of the global economic crisis that swept Europe and America during the last period.

Read more: http://translate.googleusercontent.c...#ixzz1itSnQT26

[SgtFuryUSCZ]

Suggestions on what we might do to help...?

Anybody...?

Hello...?

Edited January 8, 2012 by SgtFuryUSCZ

[R Veyron]

Suggestions on what we might do to help...?

Anybody...?

Hello...?

Im going to go out on a limb here and say RV maybe ?

[SgtFuryUSCZ]

Im going to go out on a limb here and say RV maybe ?

***///

Winner, winner, chicken dinner!

Chicken dinners for EVERYBODY! ME, YOU, THEM....yay

[Shelley]

***///

Winner, winner, chicken dinner!

Chicken dinners for EVERYBODY! ME, YOU, THEM....yay

But the cost of that chicken will be higher, at the cost of the ordinary citizens