inflation

Egypt’s recurring food price crisis
Business

Egypt’s recurring food price crisis

In the summer of 2008, the so-called “food price crisis” took Egypt by storm. Drastically rising food prices made headlines…
Extra foodstuffs to be imported for Ramadan
Business

Extra foodstuffs to be imported for Ramadan

To offset the usual food shortages experienced during the Islamic fasting month of Ramadan--which this year will begin in August--the…
New cigarette taxes irk smokers, retailers
Egypt

New cigarette taxes irk smokers, retailers

A 40-percent tax increase was levied on tobacco products this month with the stated aim of reducing the number of…
Tax Authority: Traders must adhere to new cigarette prices
Business

Tax Authority: Traders must adhere to new cigarette prices

The Tax Authority has warned wholesale and retail cigarette traders against selling their wares at prices higher than those specified…
As times grow leaner, poverty-related suicides rise
Egypt

As times grow leaner, poverty-related suicides rise

A 43-year-old single mother, identified in press reports as Seham Abdel-Salam, throttled her son to death with a towel, then…
CAPMAS: National inflation rate hits 10.5%
Business

CAPMAS: National inflation rate hits 10.5%

The Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday announced that the annual inflation rate in urban areas…
Inflation hits 11%, says CAPMAS
Business

Inflation hits 11%, says CAPMAS

Government statistics agency CAPMAS on Monday revealed that the national inflation rate had risen by 0.9 percent in April, compared…
Weary of price hikes, restaurants take part in 24-hour meat boycott
Egypt

Weary of price hikes, restaurants take part in 24-hour meat boycott

Following a decision last week by the Egyptian Chamber of Tourist Establishments, all restaurants and food outlets have been ordered…
Meat price hikes impact Alexandrian businesses
Business

Meat price hikes impact Alexandrian businesses

Butchers and owners of traditional kebab-and-kofta restaurants--the menu selections of which are usually priced by the kilo--say that skyrocketing meat…
Finance minister rejects progressive tax
Business

Finance minister rejects progressive tax

Finance Minister Youssef Boutros-Ghali has rejected a proposal by Shura Council members to introduce a progressive income tax."Our unified income…
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