rafidainscope - Local market indicators showed a tangible decline in citizens' real income due to the continuous rise in the costs of basic goods and services, while wage and salary levels remained stagnant. This has led to a widening gap between nominal income and actual purchasing power.
Economic experts believe that the country's heavy reliance on imports makes the markets vulnerable to financial fluctuations and exchange rate changes. The repercussions of these fluctuations are not limited to goods alone but extend to transportation costs and production inputs, which negatively and directly impacts the end consumer.
Specialists warned that resorting to salary increases as the sole solution could exacerbate inflation rates and increase operational spending without real productive backing. They emphasized the necessity of adopting comprehensive economic policies aimed at curbing price hikes, protecting the national
currency's value, and reducing excessive reliance on imports to ensure the stability of citizens' living conditions.
