Gaza economy collapses, prices skyrocketing amid Israeli siege, Chamber of Commerce warns – Middle East Monitor

The Gaza economy has collapsed with prices of essential goods skyrocketing by 527% amid an Israeli blockade on the enclave, the Gaza Chamber of Commerce and Industry said on Sunday, Anadolu reports.

“The (Israeli) occupation continues to prevent the entry of trucks of the private sector, causing almost a complete paralysis (of the economy),” the chamber said in a statement.

According to the statement, prices of essential goods and foodstuffs rose by 527%…