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Egypt experienced food riots in 1977, 1984 and 2017. On Sunday, October 1, 1984, Egyptians in the Kfar el-Dewar industrial outside of Alexandria rioted and fought with police for eight hours. The rioters, who were said to number in the hundreds, "pelted police with stones, overturned carts in the town market, and smashed shop windows ...
While the headline CPI inflation rate was 15.8% (17.6% in rural areas, 14.4% in urban areas) in March 2008, the overall food price inflation rate was 23.7% (26.9% in rural areas, 20.5% in urban areas). Moreover, in April 2008 in urban areas, the headline CPI inflation rate reached 16.4% while food price inflation rate was 22.0%.
Prices on the agricultural black market rose faster at first than the official rate before stagnating in 1943 and 1944 because consumers had less and less disposable income. [ 118 ] Industrial products on the black market were much higher than the official prices, reportedly five to ten times higher.
The origins of Egypt's stock exchange can be traced back to 1883 with the establishment of the first futures market in Alexandria. By 1899, under the rule of Khedive Abbas II, the exchange relocated to a new premises on Muhammad Ali Square, today known as El Manshiyya. In 1902, the Brokers' Syndicate was formed, setting the initial regulations ...
The U.N. Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 120.6 points in June, unchanged from May. The May figure was revised from ...
The Egyptian "bread riots" of 1977 ( Arabic: إنتِفاضة الخُبز, intifāḍhat-ul-khobz, “The Bread Intifada”) were a spontaneous uprising against the increase in commodities' prices on the 18th and 19th of January after the Egyptian government cut subsidies for basic foodstuff. [1] [2] [3]
The U.S. Centers for Disease Control and Prevention has released the biggest causes of mortality in 2023. COVID was the fourth leading cause of mortality in 2022, linked to 245,614 deaths. It ...
According to the Peterson Institute for International Economics and other proponents of demographic structural approach (cliodynamics), the basic problem Egypt has is an unemployment rate driven by a demographic youth bulge: with the number of new people entering the job force at about 4% a year, unemployment in Egypt is almost 10 times as high ...