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مصراوي
Egypt Goods Cost More
During October and November, prices rose in Egypt for 10 goods or categories: cooking oil, cheese, legumes, milk, electrical appliances, imported cars, cigarettes, Zaghloul shisha tobacco, steel, and Coca-Cola drinks. Electrical appliance prices increased by 5% to 8%, while imported cars rose by about 10%. Cooking oil went up by around 15% in a month, and the price of a ton of Ezz Steel rose by about EGP 1,000. Industry representatives attributed the increases to higher dollar exchange rates, raw-material prices, and production, shipping, and import costs, as well as a 30% cut in gas supplies to steel factories and changes to tax brackets on tobacco products.
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