Original Source

Mecca's bustling markets are experiencing reduced spending during the annual Hajj pilgrimage due to rising inflation and global supply disruptions. Pilgrims are cutting back on purchases, affecting sales of items like gold, perfumes, and silver.

Impact of Inflation on Mecca Markets

Millions of Muslim pilgrims gathering in Mecca for the annual Hajj pilgrimage are facing the brunt of rising inflation and global supply disruptions, which are beginning to weigh on spending. Pilgrims have expressed surprise at the higher prices of goods, especially when shopping for gifts. Many have noted that prices for various items have increased significantly compared to previous years, creating economic pressure on Mecca's lively markets.

Decreased Purchasing Power and Weakened Demand

A jewellery shop worker stated that demand for silver has weakened due to its increased price, indicating a significant drop from previous levels. A pilgrim from Egypt highlighted that purchasing power is lower than in past years. He explained that while 5,000 riyals (approximately 1,332 USD) used to buy a substantial amount, the same amount now only covers goods worth about 2,000 riyals (approximately 533 USD). This decline is attributed to overall higher prices, including rising oil costs. A pilgrim from Somalia further pointed out that the increase in oil prices, partly due to the closure of the Strait of Hormuz, has impacted costs globally, not just in Mecca.

*Source: YouTube: WION (2026-05-25)*

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