Repercussions of Russian-Ukrainian War on Prices in Jordan

Russian-Ukrainian war directly affected the global and Arab markets, which led to a sharp rise in prices, especially the main foodstuffs such as cereals and food oils that are used on a daily basis in all Arab homes. Jordan is a country that suffers from a high cost of living, as it imports large quantities of vegetable oils and grains from Ukraine, making the Jordanian citizen the main affected by this high prices.

Speaking to A24, citizen Tariq Abu Jarad said that low and limited wages have forced people to buy basic commodities, which are difficult to obtain amid high prices.

The economic expert, Muhammad Al-Bashir, said that the epidemic and the Russian-Ukrainian war affected the market related to strategic goods and caused prices to rise, whether foodstuffs or oil products. He added that a group of major companies are controlling the prices of the global single market.