«Truth» Rental values are a factor in lower commodity prices

«Truth» Rental values are a factor in lower commodity prices

Reda Musallam, general manager of Truth Economic & Management Consultancy, said that the decline in rental values for shops is an important factor in the decline in commodity prices as a major factor in operating costs.

He pointed out that the decline in the purchasing power of some individuals working in private companies has led traders to revitalize the market by offering discounts and reduce their profit margin to reasonable limits, through which they can entice consumers to increase sales.

He explained that the rate of 7.1%, according to the report of statistics, is on average, which indicates that the decline is greater than that.

He called for revitalizing the cycle of economic activity and reconsidering the cost of industrial activity services, especially land, water and electricity, as well as reducing the rental values of warehouses and warehouses, which helps reduce the cost of production.

 

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