Residents of war-torn Syria have seen their purchasing power drop by an estimated 80 percent since the beginning of the country's conflict in 2011, the Al-Watan daily said on Thursday, according to AFP.

Jamal al-Satal, head of Syria's Consumer Protection Society, told the paper that "individual purchasing power has dropped hugely," estimating it had decreased "by 80 percent since the beginning of 2011." Satal attributed the decrease to high inflation as well as "corrupt businessmen who raise prices much more than the inflation rate."