One kilogramme of chicken now costs $4, the price has doubled in just two months.
The UN World Food Programme says that average household expendidture has risen by 50 per cent in just three months.
On Monday, Hosni Mubarak, Egypt’s president, ordered army bakeries to increase production to ease a bread crisis.
Four people have been killed in fights that broke out in bread queues in recent weeks, a security official told the AFP news agency.
|“If the government doesn’t
realise the seriousness of the situation we will be heading for an explosion”
Citizens Against Price Rises
The official annual inflation rate reached 12.5 per cent in February.
Last month around 10,000 workers at Egypt’s biggest textile factory demonstrated against price rises, demanding matching wage increases.
Last week doctors went ahead last week with a one-hour stoppage calling for better pay and conditions.
The officially sanctioned Egyptian Workers’ Union has said that it will try to get the minimum wage raised from 200 Egyptian pounds to 800 pounds, around $150.
Mahmud al-Asqalani, spokesman for the recently created Citizens Against Price Rises, said: “If the government doesn’t realise the seriousness of the situation we will be heading for an explosion that will be bigger than that in 1977.”
At least 70 people were killed when bread riots erupted in January 1977 after the government tried to reduce subsidies.
Gouda Abdulkhaliq, an economics professor from Cairo, said the situations now could be much worse, because the government says the economy is stable, growth is steady and there is foreign investment coming in.