Positive effects of low inflation on the economy and consumersTruth Consultancy
The Managing Partner of Truth Economic & Management Consultancy, Reda Mosallam, said that the continuous rise in the fees of a large number of schools increased the burden on consumers.
He added that despite the decline in housing prices and rental values, during the current year compared to last year in tangible proportions, the lack of lower prices of water, electricity, and gas, reduced the impact of the decline in rents and housing prices, as well as the absence of a realistic decline in the prices of many means of transport, affected by the decline World oil prices.
He pointed out that the decline in inflation, during the first seven months of this year was not absolute, but came as a result compared to the same period last year.
He stressed the importance of lower prices for «Entertainment and Culture », which has seen the largest increase in prices this year, as well as the prices of restaurants and hotels, to be accessible to a larger population.