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#low income

The impact of inflation isn’t felt equally by all Egyptians. For the upper middle class, it translated to switching to cheaper purchasing options or resorting to assets that can appreciate in value, such as stock or investments. But for the lower working class, it translates to more limited options, or spending days not purchasing anything at all. Egypt’s annual urban consumer inflation has spiked to 15 percent, its highest in four years, according to data from the Central Agency for…