Reuters
RPT-Egypt’s soaring prices drive home economic pain
In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast. Om Mohamed, 61, and her husband, who live with two grown-up sons in an apartment near the Cairo ringroad, are cutting back on items like meat as they try to get by on his meagre pension from an energy company. Over recent months accelerating inflation has pummelled the spending power of Egyptians, who had already endured repeated economic shocks and years of austerity.