Algeria Caps Prices of Five Products – News Directory 3

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ALGIERS, Algeria (AP) — In response to rising ⁣consumer prices, the Algerian Ministry of Commerce and Regulation of the Interior Market has implemented price controls on several essential ⁣food items, including meat,⁢ apples, bananas, potatoes, and coffee.

The trade departments of the Wilayas, under the direction of Tayeb Zitouni’s department, have begun to enforce these measures. In Timimoune, specific price ceilings ⁢have been set:

The cost of⁣ these goods has increased significantly in recent months, causing public concern and prompting government intervention. banana prices had neared⁣ 1,000 dinars per kilogram, while apples reached 1,300 dinars per kilogram. Potatoes exceeded 150 dinars, lamb was selling ⁣for over 3,000 dinars, and a cup ⁢of coffee surpassed 50 dinars.

The Consumer Protection Association (APOCE) stated that the price caps apply nationwide. The association views this as an “exceptional”⁣ measure intended to “organize the ⁣market until the implementation of real competition mechanisms and ⁣strict regulations.”

The ministry has issued a warning that ⁢businesses found ⁣violating these price controls will⁣ face consequences,including potential seizure of goods and closure of their establishments.

These measures come as Algeria grapples with broader economic challenges,including a fluctuating currency market. A black market ⁣for foreign currency highlights ⁤concerns about the dinar’s⁢ value, as reported by⁤ the associated ⁢Press earlier this year. (See: Algeria’s black ⁣market for foreign currency underlines its ⁢economic …)

While Algeria has taken steps⁣ to protect⁤ media freedom with new laws, concerns ⁣about press freedoms ⁤persist. (See:⁤ Algeria passes law to⁢ protect media freedom). Public media has ⁣faced scrutiny regarding its coverage of sensitive topics. (See: Public media in Algeria – Eurozine)

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