Friday, 3 March 2017

Name: Menna tallah tarek
ID: 54385

The crisis of the Rising prices 


In recent weeks , prices of food (including rice , pork,beef and vegetables),electricity , and fuel have been rising. It's been awhile since Egypt have seen this kind of price instability . In recent weeks , Egypt has raised rice caps on the cheapest generic medicine , the prospect of more price rises is a nightmare even for middle class Egyptians . The prices of all products have been rising during the previous months after The Central Bank of Egypt (CBE) decised to float the Egyptian pound , which raised the price of the US dollar to EGP 19.59 .
Investors believe that the prices won't be reduced in the near days .
There have been a decrease of prices of some products but Fouad Amin head of The Association for 15 of May City  said that "The decrease is temporary , because nothing has changed. Investors dont believe the picture is as bright as the government says it is "
We don't know what's going to happen but all we can do is hope for the best .

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