Arab Finance: Dr. Mustafa Madbouly, Prime Minister, reviewed a report from the General Federation of Chambers of Commerce on following up the implementation of an initiative Lower It was agreed to launch recently, in coordination between the government, the chambers of commerce and industrial, the Ministry of Supply, the major producers and commercial chains.
The report indicated that the work plan has already started in various governorates through local initiatives to provide goods at discounted prices, in addition to the early date of the summer oakazion since August 4 with the participation of 2134 commercial stores, an increase of 33% from last year, with discounts ranging from 10% and 50%, and it is scheduled to continue until the return season for schools.
The report also clarified that the Ministry of Supply, through the Holding Company for Food Industries, offered discounts from 5% to 18%, about 640 food commodities that are produced or imported, through a network of more than 1,000 outlets at the level of the Republic.
In the same context, producers and importers, in cooperation with commercial chains, provided discounts from 5% to more than 20% on food and consumer goods, reaching 24% in some items, as well as the extension of these cuts out of commercial chains.
The prices of vegetables and fruits witnessed an average of 10%, and a number of producers and importers of electrical and home appliances offered between 5%and 35%, while providing long -term financing systems without a provider.
The reduction also included 10% school supplies compared to last year, with a similar initiative related to computers and their supplies.
The prices of local and imported, new and used cars were also reduced by between 10% and 20%, with financing in long -term installments without a submitted.
The report emphasized the continued expansion of the one -day market organized by the ministries of supply and local development in cooperation with the Chambers of Commerce, which exceeded 120 markets at the level of the Republic, as it allows direct sale from the product to the consumer to reduce trading and transportation costs by about 15%.
The report also monitored the stability of wholesale prices for wheat, flour and sugar at low rates, with the decline in poultry and meat prices, and the stability of dairy and eggs after the previous decrease, with the exception of a slight rise in the first oil.
The report expected the continued decline in prices during the coming period, driven by the large abundance of supply, decrease in wholesale and production requirements, as well as low purchasing power and increased intensity of competition between traders.
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