Inflation hits Ramadan as price of lanterns skyrockets in Egypt – The National

Inflation hits Ramadan as price of lanterns skyrockets in Egypt – The National

Ramadan lanterns, a quintessential symbol of the holy month, have shot up in price this season as Egypt is hit with record-high inflation.

Vendors in Cairo’s commercial districts have laid out much more modest spreads of lanterns than they did last year amid a marked drop in local manufacturing brought on by a rise in the price of raw materials and other costs.

The price of the materials needed to make Ramadan lanterns has gone up by 50 per cent, Barakat Safa, vice president of the Stationery and Toys Division at Cairo’s Chamber of Commerce, told a local news outlet on Wednesday.