Economic analyst Abdel Fattah Abu Qassa believes several combined factors could create a new inflation wave. Consumers would directly feel its impact. This is especially true as approximately one-third of the population relies on fixed government salaries. These salaries typically do not keep pace with accelerating prices. These remarks were made in special statements to the Qatari website “Al-Araby Al-Jadeed.”
A warning has been issued regarding a new inflation wave. Abu Qassa clarified that these factors’ effects could directly impact consumers. A wide segment of citizens struggles to cope with rapid price increases. This is due to their fixed incomes.
Weak domestic production exacerbates the crisis. He added that the real danger is not solely rising global prices. It is also their swift transmission to the local market. This results from weak domestic production. The Libyan economy depends on imports.
Fixed salaries face accelerating prices. He noted that significant reliance on fixed government salaries increases vulnerability to inflation waves. These salaries have limited ability to keep pace with successive price hikes.