That Inflation Number

We’re not the only nation that has, or now had, a problem with inflation:

Annual inflation in Egypt hit 36.8 percent in June, official figures showed on Monday, an all-time high for the country grappling with a punishing economic crisis.

The previous record of 34.2 percent in July 2017 came, as it does now, following a sharp currency devaluation connected to a bailout loan from the International Monetary Fund.

The Egyptian pound has lost half its value against the dollar since early last year, shooting prices upward and adding to the burden of families struggling to make ends meet in the import-dependent country. [AL-Monitor]

We got all fussy about, what, 10%?

Not even that.

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About Hue White

Former BBS operator; software engineer; cat lackey.

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