Egypt's inflation surges ahead of Ramadan
Edited By WION Video Desk
Published: Mar 11, 2024, 04:10 IST | Updated: Mar 11, 2024, 04:10 IST
Egyptians are facing a significant economic challenge as inflation spiked to a record 35.7% in February. This comes ahead of Ramadan, a time when food purchases typically increase. Data shows a record monthly inflation rate of 11.4%. Food and beverage costs are a major driver of this surge, with annual increases exceeding 50%.
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