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المصري اليوم
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Source: المصري اليوم
6 Hrsالمصري اليوم
Source: المصري اليوم
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Economic expert Wael al-Nahhas said inflation indicators do not accurately reflect the cost-of-living burden borne by Egyptians, given rising food and essential-service prices and declining purchasing power. He noted that household needs and spending patterns vary from person to person. His remarks came after annual inflation was reported to have fallen to 12% in October, from 12.8% in September. Al-Nahhas criticized the price-measurement basket, which includes around 1,500 goods and services, saying it no longer reflects households’ needs. He called for the costs of food, electricity, water and rent to be taken into account. He also warned that raising the minimum wage to 15,000 Egyptian pounds could push inflation above 20%.
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