Egyptians cut back on meat amid skyrocketing inflation (La Prensa Latina)
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La Prensa Latina writes in its piece on inflation that according to a report by the International Food Policy Research Institute (IFPRI) meat consumption has fallen by 85 percent in Egypt since March. The cost of meat has jumped by 100 percent in just a few months, from 80 to 160 Egyptian pounds ($2.65 to $5.30) a kilo, forcing Egyptians to take meat out of their meals.
Inflation in the North African nation reached 21.3 percent in December, according to official figures, but Johns Hopkins University professor of applied economics Steve Hanke put it at 102 percent.
Republished in Semana (Colombia), Plano Informativo (Mexico), Cyber-RT as “Soaring inflation forces Egyptians to cut back on meat,” SwissInfo (Switzerland) as “Inflation forces Egyptians to give up meat.”