Minister - The Price Hike Is An Inevitable Global Trend
According to local Arabic daily Al-Rai, citing Minister of Commerce Fahd Al-Shuria'an, price spikes are unavoidable, and the government cannot guarantee that they would not affect citizens.
In the midst of the repercussions of the Russian-Ukrainian war, which casts a shadow on the economic situation, Minister said that price hikes are a global trend and that the current situation in the world is dangerous, and that "some of the goods that come to us may find their way to other regions."
The Ministry will continue to inspect for unreasonable price increases and will take legal action against any trader who does so on purpose. However, we cannot control something that is beyond our power, according to the minister.