Prices in areas controlled by the Assad regime will inflate by more than 2,107% until August 2020
The statistics of the “Central Bureau of Statistics” of the Assad regime revealed that the rates of inflation in prices reached 2,107.8% by the end of August 2020, compared to the base year 2010, according to its estimates.
Bashar Al-Qassem, Director of the Central Bureau of Statistics, stated that inflation rose by 139.5% on an annual basis, i.e. compared with August 2019, and by 3.5% on a monthly basis, i.e. compared with July 2020.
He justified the price hike that began in the last quarter of 2019 and continued in 2020 “under the influence of the Corona pandemic,” and acknowledged that raising fuel prices has a major role and impact on prices, according to statements by a pro-Assad website.
The United Nations World Food Program announced that 12.4 million people in Syria are struggling to find enough food, in a significant increase which it described as worrying.
And the Assad regime has previously acknowledged, through statements of the General Federation of Trade Unions official, that there is an urgent need to increase salaries to 7 times so that the worker can secure his expenses.
No decision has been issued by the Assad regime on increasing the salaries and wages of workers in the regime’s institutions since November 21, 2019, as Bashar al-Assad approved an increase that ranged between 16 and 20 thousand pounds only.
