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صدى البلد
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Alia Al-Mohdi: Inflation Down but Still High
Dr. Aliaa Al Mahdi affirms that financial reform in Egypt has achieved relative success according to the International Monetary Fund, but this has not been sufficiently reflected in an improvement in citizens' lives. The main indicators show a deterioration in individuals' savings and a 87% loss in the value of the Egyptian pound since 2010, along with an over 670% increase in prices, which has significantly impacted low-income and fixed-income groups. According to data from the Central Agency for Public Mobilization and Statistics, the poverty rate reached 33.5% in 2021 and is expected to rise due to inflation and economic crises. Although inflation fell to 14.6% in August, it remains high, and sustained economic growth is necessary to translate into an improved standard of living.
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