Rising prices felt by corporations, consumers alike as commodities surge globally
Published 24 Jul,2021 via Arab News - Economy RIYADH - Tired of traveling from store to store in search of the best prices, Renad Wafi is increasingly shopping online for basic items in an attempt to balance the household budget.
“Prices of basic commodities in Saudi Arabia are noticeably rising,” said the Riyadh-based mother. “They fluctuate all the time between the various points of sale and continue to rise across all categories from food to cleaning and personal care products. As a result, people are looking for alternatives online, and I’m one of them.”
A similar story could be heard this week at the headquarters of Unilever, one of the world’s biggest consumer goods companies, which saw a strong set of first-half financial results overshadowed by concerns over inflation.
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