Rising Commodity Prices in Gaza Due to Shortages Caused by Israeli Measures

SadaNews Economy: The prices of goods and many essential items in the Gaza Strip are experiencing a noticeable increase as the partial closure of the Israeli crossings continues.

With the onset of the war on Iran, Israel closed all crossings and prevented the entry of any goods before reopening the Karem Abu Salem crossing for commercial goods only and on a partial basis, allowing only very limited quantities of goods, with no less than 80 trucks per day.

According to what the "SadaNews Economy" correspondent observed, this reality has imposed difficult conditions on the residents of the Gaza Strip, especially as days pass and goods become scarce, which has led to a rise in their prices.

The price of a kilogram of frozen chicken of the less quality variety rose from 50 to 60 shekels, while the better quality reached more than 85 shekels.

Prices of essential goods such as flour have risen from 12 shekels to 40, as well as oils and sugar, increasing by several shekels.

Meanwhile, the prices of vegetables and fruits have increased by amounts ranging from 3 to 14 shekels and even more.
 
The Ministry of Economy and the Economic Research Department affiliated with the Hamas government attempted to control prices, but they did not achieve the desired success.

This new crisis comes amid difficult economic conditions faced by the Gaza Strip, where the occupation controls every aspect of the residents' lives, and in light of the sector being deprived of cash liquidity and other banking crises.