Egypt: Price rises across the board

Egyptians trying to cover their growing expenses are to shoulder yet more burdens as a result of the government’s plans to tighten the fiscal deficit by lowering expenses and increasing revenues.
This will be translated into cutting subsidies on energy, alone representing 20 per cent of the state budget, and increasing taxes.
While officials and many experts say the increases in prices will not affect the low-income brackets of the population, other commentators fear that prices could rise for all as a result of the changes.
Source and full piece: Al Ahram Weekly, 1 May 2014