Inflation (243)


Damascus has been ranked the cheapest city to live in the world out of 133 large cities listed in a recent survey.


Payment facilities and restrictive measures have ensured a sharp increase in the Large Taxpayers Unit of the Ministry of Finance last year.


The annual percentage change in the consumer price index in Syria since 2010.


Syrian official data have confirmed that inflation continued to decelerate at the beginning of last year.


Only days after allowing local banks to resume lending, the Central Bank of Syria has partly backtracked on its decision for fear of pressures on the pound.


Syria’s dramatically poor rainfalls are threatening to have serious economic consequences this year.


The average monthly income needed to meet the requirements of an average household in Damascus has mostly remained unchanged last year, the first time it does not increase since 2011, according to a pro-regime media.


The financial results of some of Syria’s largest companies show an increase in revenues across the board, albeit from very low levels.


Syria’s inflation rate remained high in 2016 official data show, although the increase in prices began to decelerate by the last quarter of the year.


The Ministry of Domestic Trade has decreased the price of several food items as the improvement in the value of the pound helps reduce import costs.


The Damascus Securities Exchange attracted again investors last month on the back of the rapid advances of regime forces in the east of the country, after months of relative stagnation.


The Syrian Government’s drive to collect more revenues from its real estate properties has started to generate some results, government officials have said, as another source of revenues being considered is an increase in taxation on properties.


The Syrian Prime Minister has criticized his predecessor for spending 14 billion dollars of foreign currency reserves, while announcing the doubling of a tax dedicated to finance reconstruction.


Syria’s inflation was 50 percent in October, the last month for which data is available, a very high rate but still a decrease relative to previous months.


As local production of fertilizers resumes, the government has increased again the price of fertilizers sold to its farmers, which will make farming less competitive and discourage further agricultural production.


Updated on August 22, 2017: The latest inflation data indicate that the rate of price increases was stable but still very high in the fall of last year.


Syria’s wheat and barley production increased this year while the improvement in security has helped reduce price inflation on many agricultural products, a report by the FAO has found.


The Central Bank of Syria has started circulating a new banknote, for the first time with the face of Bashar Al-Assad on it.


In the past six weeks, the Syrian pound has gained ground relative to the U.S. dollar, bringing it back to its level of six months ago.


In May, the main index of the Damascus Securities Exchange declined for the first time in months as the amounts traded by investors also fell.


A report by the Ministry of Industry has confirmed the very fragile situation of Syria’s manufacturing sector.


The monthly income required to meet the basic needs of an average household in Damascus increased by around 7 percent in the past three months, according to a local paper.


The revenues of Syria’s two mobile phone companies surged last year helped by a hike in communication rates imposed by the government.


Updated on April 20, 2017: The list of investors whose assets were recently frozen by the Syrian government has dozens of prominent names, including family members of prominent security officials.


In February, listed securities in the Syrian stock exchange continued to rally as the market’s main index gained some 18 percent and the value of trading remained well above the monthly average of the past years.


Syria’s consumer prices increased by more than 50 percent last August, the most recent date for which official data are available.


The Syrian President has issued a law aiming at clamping down more severely on illegal quarries and raising government revenues from them.


Oil supplies are resuming across Syria after weeks of severe shortages, although the economic and political consequences will likely be felt for a long time.


Consumer prices continued to rise steeply in the middle of last year, new data indicate.


The release of the preliminary financial statements of Syria’s listed companies provides an initial picture on the performance of Syrian businesses last year.


Syria’s inflation rate in June 2016, the last month for which data is available, rose to its highest rate in some three years.


The Ministry of Finance’s Large Taxpayers Unit again posted an increase in its revenues measured in Syrian pounds, according to a government official.


The main indicators of the Damascus Securities Exchange witnessed an overall positive performance last year when measured on a nominal basis, although the Syrian bourse remains largely disconnected from the economy at large.


The text of the interview of Bashar Al-Assad by Syrian daily newspaper Al-Watan on December 08, 2016.


Syria’s annual inflation rate remained very high, although stable, in May.

Syria's inflation rate was mostly stable in March and April, the last two months for which data are available, the government's statistical body has said.


Syria’s annual inflation rate stood at 44.1 percent in February, according to official data.


Syria’s GDP will continue to decline next year, albeit at a slower rate, according to ESCWA, a UN body.


The Syrian pound is continuing its downward spiral and lost in the last week some five percent of its value relative to the dollar as the Government admits that its foreign currency reserves are now very low.


Key Syrian economic indicators between 2010 and 2015 based on data from the International Monetary Fund.


Syria's annual inflation rate per consumption category.


Syria’s official annual inflation rate reached 48.1 percent, according to the Central Bureau of Statistics.


The Syrian Government’s decision to impose a sharp rise in the price of oil products has been met by wide complaints in regime-held areas, which seem to reflect the exhaustion of the population.


The decision by the Central Bank of Syria 10 days ago to reduce the supply of Syrian pound liquidities has helped strengthen the value of the national currency but appears unsustainable in the medium and long-term.


The US dollar crossed this week the 600-pound level in the Syrian currency market, which is increasingly slipping out of the control of the Central Bank.


The role of the World Bank will be crucial in the estimated USD 180 billion reconstruction cost of Syria, Jim Yong Kim, the President of the Washington institution said.


Updated on August 15, 2016: The first quarter of 2016 has seen a return of investors to the Damascus Securities Exchange, although in real terms the price of stocks and the trading value remain well below their pre-uprising levels.


Syria’s average household budget has continued to increase exponentially last year, a recent study has found.


Syria’s inflation rate stood at 38.8 percent in July on an annual basis.