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Lebanese food commodities up almost 50% in two years
Source: BI-ME and media reports , Author: BI-ME staff
Posted: Thu July 3, 2008 12:00 am
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LEBANON. Consumers Lebanon said on Tuesday that the prices of staples and other basic commodities rose by 47.5% in the last two years. Speaking to reporters, the President of Consumers Lebanon, Zuhair Berro, said that part of the rise in the cost of living in Lebanon can be attributed to the worldwide surge in the prices of oil and wheat.

However, Berro accused the government of failing to take any action to help protect consumers. He added that despite a government decision to remove the 5% tariffs on 17 basic items, the prices of these commodities continued to rise.

"The government does not have the will or the vision to solve the economic problems. It seems that politicians are more interested in grabbing sensitive key posts in the governments than paying attention to the needs of consumers," Berro was quoted as saying by the Daily Star.

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