#big mac index
When Egypt’s McDonald’s released their updated menu prices at the beginning of July, citizens took to social media to express their indignation at the price hike – a 50 percent increase for certain products compared to the year prior. For context, the fast-food chain’s signature Big Mac large meal jumped from EGP 59 (USD 3.12) to EGP 88 (USD 4.65). And that is excluding value-added tax and potential delivery costs. Rewinding further back, to 2019, EGP 100 (USD 5.28) was…
