Inflation is hitting Algeria hard, reaching 9.53%, making products unaffordable for many citizens.
In Algiers, at the Reda Houhou market, exorbitant prices are felt acutely, particularly during the month of Ramadan.
Mustapha Bali, a civil servant, expresses general dismay: “Every year, during Ramadan, prices rise. It’s too much for tomatoes at 120 or 140 dinars per kilo and meat at 2,600 dinars per kilo. Life has become too expensive, especially this year. Our salaries are not enough to meet our needs.”
Faced with shortages and soaring prices, meat seller Ahmed Laaloufi is forced to import all his products, particularly from Spain, to meet growing demand.
The Algerian government set up a subsidized market in Algiers to make products affordable and available. Sofiane Ameri, a customer, welcomes this initiative: “The solidarity market is a good thing, the prices are low compared to conventional markets, around 20% less.”
However, Nabil Djemaa, an economic analyst, warns of the extent of inflation which affects all sectors: “Inflation is present in all raw materials and manufactured products, particularly agricultural products such as semolina. economy, inflation inevitably leads to a rise in prices.”
As Algeria attempts to overcome economic challenges, citizens remain concerned about increasing pressure on their purchasing power and financial well-being.
