As Egypt’s economic crisis deepens, an affordable meal is hard to find
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Just when Egypt hoped to recover from the pandemic, which saw its massive tourism sector essentially grind to a halt, Russia invaded Ukraine. The war set off a series of unexpected repercussions across the region, hitting Egypt particularly hard.
Foreign investors withdrew billions of dollars from the country within weeks of the invasion, unsettling the economy. Egypt also imports more wheat than any other country — most of it from Russia and Ukraine. The cost of wheat and oil began to soar while tourism numbers dropped again because of a longtime reliance on Russian and Ukrainian visitors.
Egypt is now facing one of its worst periods of inflation in years, and regular Egyptians are largely paying for it.
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