How the invasion of Ukraine will spread hunger in the Middle East and Africa
By raising the price of food and fuel, Vladimir Putin’s war will cause misery and unrest
THE LAST time Egypt raised bread prices, the Soviet Union was still intact. Since 1989 subsidised bakeries have offered 20 loaves of aish baladi, a glutinous pita that is a staple, for one Egyptian pound. Back then that sum was worth almost $1. Today it is worth about six cents, less than a tenth of what it costs to produce the bread.
This article appeared in the Middle East & Africa section of the print edition under the headline “Bread and oil”
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