Dramatic Price Rises Hit Egypt
EGYPT - With a 16-year record inflation rate, poultry prices jumped 39 per cent in the last year.
11 August 2008
2 minute read
The annual consumer price index rose 23 per cent last month, due mainly to an annual increase of 32.5 per cent in food prices, according to ABC Rural.
Inflation seemed to be under control until the beginning of this year but began to rise rapidly in March due to the increase in global food prices, particularly for wheat. Egypt is a major importer.
Other significant price rises were experienced for butter (71%), dairy products (38%) and pasta (33%).
