Burgernomics: What Egypt’s Rising Fast-Food Cost Says About Inflation ...Egypt

Image Credit: Thred When Egypt’s McDonald’s released their updated menu prices at the beginning of July, citizens took to social media to express their indignation at the price hike – a 50 percent increase for certain products compared to the year prior. For context, the fast-food chain’s signature Big Mac large meal jumped from EGP 59 (USD 3.12) to EGP 88 (USD 4.65). And that is excluding value-added tax and potential delivery costs. Rewinding further back, to 2019, EGP 100 (USD 5.28) was worth three Big Macs. McDonald’s is not alone in the fast-food market’s price bump trend. Pizza Hut’s famed family box meal has gradually increased from EGP 125 (USD 6.60) in 2017 to EGP 267 (14.10) in 202

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Burgernomics: What Egypt’s Rising Fast-Food Cost Says About Inflation ...Egypt

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