Government cracks down on high prices for stationery
| 05 September, 2014
The Jeddah branch of the Ministry of Trade has closed 40 stationery stores after they increased prices during the back-to-school period, according to local press.
Arab News reported that the ministry’s officials put in place a strategic plan to control exaggerated prices that included sudden inspection tours on books stores and shops selling stationery in the city. The prices of the items, which were double of the official market prices in some cases, were compared and violators handed out penalties.
The campaign resulted in the shutting down of forty stationery and school supplies’ shops, and giving out warnings to thirty others to comply with the price list.
Shop owners say that higher prices are a result of the increased prices of imported goods.