The Global Impact of Rising Inflation on Affordability
The increasing cost of living has emerged as a significant global challenge, making it increasingly challenging for individuals to afford essential goods and services. With crop failures and surging energy prices exacerbating the situation, inflation rates are on the rise worldwide, leaving millions struggling to make ends meet. Throughout the year, 'The National' has been meticulously monitoring the prices of fundamental food staples across the Middle East, North Africa, India, the UK, and the US. This comprehensive analysis aims to shed light on how consumers have been impacted by these escalating costs. As inflation continues to grip economies, Egypt is facing its own set of unique challenges. The country's soaring inflation has resulted in a growing number of Egyptians unable to afford livestock for the traditional Eid Al Adha sacrifice. Eid Al Adha, known as the festival of sacrifice, is a period when wealthier Muslims typically slaughter livestock to distribute the ...