Syria suffers from spiraling fuel costs, collapsing economy

Al Jazeera English published this video item, entitled “Syria suffers from spiraling fuel costs, collapsing economy” – below is their description.

Syria is suffering from spiraling fuel costs and a collapsing economy. Now local authorities have raised petrol prices even more amid an inflation crisis.

And as Al Jazeera’s Jillian Wolf reports, it is having a significant impact on drivers.

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Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Syria

Syria, officially the Syrian Arab Republic, is a country in Western Asia, bordering Lebanon to the southwest, the Mediterranean Sea to the west, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest.

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