• Latest
  • Trending
  • All
  • Egypt
  • Business
  • Local
  • World
Soaring inflation hits lantern market in Egypt

Soaring inflation hits lantern market in Egypt

March 26, 2023
UNHCR: 9 million need extra winter aid

UNHCR: 9 million need extra winter aid

October 30, 2026
Trump cancels weekend rallies, calls into other midterm events

Trump cancels weekend rallies, calls into other midterm events

October 30, 2026
Tanker hit by unknown projectile in Strait of Hormuz

Tanker hit by unknown projectile in Strait of Hormuz

October 30, 2026
Giant skeletons take over American Halloween

Giant skeletons take over American Halloween

October 29, 2026
Sisi arrives in Hungary for official visit

Sisi arrives in Hungary for official visit

October 29, 2026
Israel vote ends with no clear majority

Israel vote ends with no clear majority

October 29, 2026
‘Star Trek’ star Patrick Stewart dies at 86

‘Star Trek’ star Patrick Stewart dies at 86

October 29, 2026
Trump’s inflation fight could cost GOP in midterms

Trump’s inflation fight could cost GOP in midterms

October 29, 2026

Sisi leaves Moscow, heading for Budapest

October 29, 2026
9th Cairo Water Week ends with global consensus on climate resilience

9th Cairo Water Week ends with global consensus on climate resilience

October 29, 2026
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 30, 2026
  • Login

Editor-in-Chief

Mohamed Fahmy

Board Chairman

Tarek Lotfy

Egyptian Gazette
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
    • Tourism
    • Odd News
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
    • Tourism
    • Odd News
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
Egyptian Gazette
Home Egypt

Soaring inflation hits lantern market in Egypt

by Gazette Staff
March 26, 2023
in Egypt, Business
Soaring inflation hits lantern market in Egypt 11 - Egyptian Gazette
Share on FacebookWhatsapp

Traditional colourful metal and glass lanterns in Egypt are always among the items in high demand ahead of and during the Muslim holy month of Ramadan. However, this year, the inflation-stricken lantern market remains bleak.

“We are not selling well this season … prices of raw materials have gone up which made lantern prices skyrocket,” Hossam Mohammed, a lantern vendor in Old Cairo’s al-Azhar district, said.

The soaring prices have dented the lantern sales, the middle-aged man added.

At the old market, sellers put lanterns, known as fanoos in Arabic, of all shapes on display, but few people came to buy them.

“The market is busy, but customers do not really buy,” Mohamed said, adding that the sales are less than half of the last season.

The fanoos originated in Egypt during the Fatimid caliphate hundreds of years ago when they served to light dark streets. They are now an indispensable element in the celebration of Ramadan.

 

Days ahead of the holy month, which started on Thursday, Egyptians decorated their homes and streets with colorful lanterns. During the month, Muslims abstain from eating, drinking, and smoking from sunrise to sunset.

For almost a year, galloping inflation in Egypt has strained the budgets of Egyptian families. The annual inflation nationwide reached 32.9 percent in February, according to the official Central Agency for Public Mobilization and Statistics.

Tags: Egyptinflationlanternmarket

Discussion about this post

ADVERTISEMENT
egyptian-gazette-logo

The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.

Follow Us

UNHCR: 9 million need extra winter aid

Trump cancels weekend rallies, calls into other midterm events

Tanker hit by unknown projectile in Strait of Hormuz

Giant skeletons take over American Halloween

Sisi arrives in Hungary for official visit

  • Advertise
  • Privacy & Policy
  • Contact

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
    • Tourism
    • Odd News
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.