News - Yemen: The Ministry of Finance for Statistics and Planning affirmed that the high rate of dependence on foriegn goods is one of the reasons for the high rate of inflation in Yemen.

During his speech to Al-Masirah, Friday, The Undersecretary of the ministry, Ahmed Hajar, said that "Yemen's hard currency revenues were controlled by the pro-aggression government, and this also boosted inflation," stressing that the US-Saudi aggression deliberately raised the costs of importing goods to Yemen, which led to an increase in their price in the market.

He explained that most local products need materials imported from abroad, the most important of which are oil derivatives, which led to an increase in the prices of the local product as well.

He added, "The government must support the local production process, in addition to ensuring the stability of the market for businessmen, and rationalizing consumption by citizens."

Saudi Arabia, backed by the US and its other regional allies, launched a devastating war on Yemen in March 2015. The eight years of war has killed hundreds of thousands of people and destroyed much of the country’s infrastructure. Yemeni people are facing malnutrition, hunger, and famine, which have increased risks of disease and starvation.

As part of its economic war, the US-Saudi aggression worked to drain about 97% of the Yemeni state’s resources, either by controlling them militarily such as oil and gas sources, freezing Yemeni foreign assets and transferring them to mercenaries and financing coalition operations, or imposing siege on the vital port of Hodeidah and the most important port after Aden, which is still in the grip of Sana’a and out of control of the aggression.