About increasing the prices of most commodities in the market during the recent period, Engineer / Ibrahim ElAraby, deputy Chairman of the General Federation of Chambers of Commerce and Chairman of Cairo Chamber of Commerce, said that the commodity prices certainly affected by the increase of the dollar because it is one of the elements of its cost, noting that Local goods which have imported requirements for production would also be affected by the increase of the Dollar besides there are goods affected by the increase of other goods.

And in the same context, Mr. Ali Shoukry, deputy chairman of Cairo chamber said  that there was no doubt that the rise in the dollar exchange rate in the recent period will raise the prices of most of goods , therefore the sales declined in the commercial sectors. He confirmed that the increase in commodity prices is not because of the rise in the dollar rate of exchange only, but there are other factors included in the cost of goods and the increase of the services prices, taxes and customs.

On his part, Mr. Emad Qenawy, Cairo Chamber’s board member, said that prices of electric appliances have increased since the beginning of the year until now at a rate ranging between 100 to 150% due to the increase of the dollar rate of exchange, taxes, and customs. He stressed that the rise is not in the interest of the Traders, on the contrary, the higher prices means lower sales, which harms the traders directly.