“I feel defeated. I have three jobs now, yet I can’t live the life I had with one job two years ago,” Nourhan Abdelmagid, 28-year-old marketeer, told Egyptian Streets. Rising prices have forced her to cut back on many activities she once took for granted, such as going out for basic meals. With rising inflation and fuel price hikes over the past few years, the cost of most items has become even higher, she noted. Egypt raised fuel prices by roughly 12 percent on 17 October, marking the second increase this year. The latest adjustment, which lifted prices across several fuel categories by between 10.5 and 12.9 percent, comes after a nearly 15 percent rise implemented in April. Early in October, Medhat Youssef, former deputy chairman of the Egyptian General Petroleum Corporation, stated that the Automatic Pricing Committee is expected to step in for the next adjustment, capping any subsequent increases at around 10 percent to avoid the steep surges witnessed previously. Although the latest hike exceeds the previously signaled 10 percent average, the ministry said the new prices will stay in place for at least a year in an…
