Inflation in the Post-Assad Era|Karam Shaar Advisory Ltd.
Inflation in the Post-Assad Era |Karam Shaar Advisory Ltd.
Inflation in the Post-Assad Era |Karam Shaar Advisory Ltd.
Inflation in the Post-Assad Era |Karam Shaar Advisory Ltd.
Inflation in the Post-Assad Era |Karam Shaar Advisory Ltd.
Inflation in the Post-Assad Era |Karam Shaar Advisory Ltd.
In the months following the Assad regime’s collapse, Syria witnessed a dramatic inflation reversal, from 109.5% in February 2024 to -15.2% a year later. What caused this?
-Elimination of key import duties.
-Suspension of sanctions and renewed international engagement.
-Appreciation of the SYP.
-Removal of internal trade barriers and “Al Damimah” fee.
-Unified customs tariff, impacting regions differently.
Yet, this deflation hides a fragile recovery. Gas and bread costs surged after subsidy cuts, and the stronger SYP owes more to strict cash controls than real economic gains.
Issue 7 of Syria in Figures unpacks these dynamics.