Egypt: Cost of Living Crisis Worsens in Egypt Soon After the IMF Loan Deal

Egyptians, already reeling under a cost of living crisis amid record-high inflation, are suffering a further erosion of purchasing power

Egyptians are being hit with another round of price increases less than three weeks after their government implemented further economic “reforms” to satisfy the conditions attached to the additional bailout loan it secured from IMF earlier this month.

Effective from March 22, the government has imposed a hike of over 33% on the price of butane gas cylinders, on…