For over two decades, Hamdi Ali Abu Zeid has greeted customers at his Nile supermarket near Aswan court. But today, the seasoned grocer faces a battle he never imagined: keeping shelves stocked as Egypt's food prices skyrocket.
"Even basics like rice and oil are becoming luxuries," Hamdi explains, describing how inflation has forced him to raise prices weekly. Customers now linger at displays, hesitating before purchases—some leave empty-handed.
The crisis mirrors Egypt's broader economic challenges, with annual inflation hitting 36.8% in June. While global factors like disrupted grain supplies play a role, locals feel the pinch most at neighborhood stores like Hamdi's. One regular shopper admitted: "I skip meals to afford school supplies for my kids."
Despite the strain, Hamdi remains hopeful: "We survived revolutions and pandemics—we'll adapt again." His resilience shines as he negotiates with suppliers and rotates stock creatively. But how long can small businesses endure this perfect storm?
Reference(s):
cgtn.com