Will services and goods’ prices rise following fuel price hikes? ...Egypt

After the Petroleum Products Automatic Pricing Committee announced an increase in fuel prices, experts expressed their fear that the prices of services and goods will increase during the next few days as a result, especially since the cost of transportation is one of the main factors that determine the costs of goods. The cost of using public transportation has become one of the important elements as well of the Egyptian family’s spending, as it takes up a large percentage of the total spending after the successive increases in the prices of public transportation. Youssef Farouk, an economist, expected an increase in the cost of living during the coming period due to the increase in the pr

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Last updated : 14 July 2022 clock 02:44 PM

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