Publications & Reports
Media Briefing on Initiatives taken by Ministry of Economic Development to minimise unusual price fluctuations of essential items during the month of Ramazan
Media Briefing on Initiatives taken by the Ministry of Economic Development to control unusual price fluctuations of essential items during the month of Ramazan. The press conference focused on three key initiatives undertaken by the ministry with regard to this issue.
First, the Minister briefed the media about the on-going “Daily Price Monitoring of Essential Items” initiative of the Ministry and presented a summary of how market prices of the 27 categories (including the 51 items) have changed from July 2011 to June 2012. Comparing the prices of July 2011 to June 2012, out of the 51 items being monitored, price of 21 items decreased, 4 items remained fairly constant and price of 26 items increased. When comparing the average prices of April, May and June 2012 with the market average price of the first week of July, prices of 10 items decreased, 14 items remained constant and 22 items increased.