The IMF expects the consumer price [inflation] in Egypt to decrease to 10.2% in fiscal year (FY) 2015/2016, compared to 11% in FY 2014/2015. Ismail connected the low supply of sugar in the market with the initiative, although the initiative is not responsible for the shortage. Sugar prices have seen a big jump in recent days, with the supply of sugar in markets dwindling to significant lows. The sugar shortage in the market comes in conjunction with the application of the Al-Shaab Yaamor (The People’s Commands) initiative. Abdel Fattah noted that traders actually decrease prices on the third day after receiving the fruits or vegetables, because they are no longer fresh.

Source: Daily News Egypt October 20, 2016 06:00 UTC