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

Soaring inflation hits lantern market in Egypt

March 26, 2023
Egypt’s Tahya Misr Fund marks 12 years with aid for vulnerable families

Egypt’s Tahya Misr Fund marks 12 years with aid for vulnerable families

August 12, 2026
Egypt prepares documentary on Agatha Christie’s Aswan visits

Egypt prepares documentary on Agatha Christie’s Aswan visits

August 12, 2026
Egypt repays $16b to IMF as outstanding debt falls to $9.3b

Egypt repays $16b to IMF as outstanding debt falls to $9.3b

August 12, 2026

President Sisi: Youth are Egypt’s strength, makers of future

August 12, 2026
Australia to make tech companies pay more outlets for content

Australia to make tech companies pay more outlets for content

August 12, 2026
New attacks on shipping as Iran war talks hit fresh impasse

New attacks on shipping as Iran war talks hit fresh impasse

August 12, 2026
Hefny: Kazakh market offers promising air opportunities

Hefny: Kazakh market offers promising air opportunities

August 12, 2026
Search for Colombia earthquake survivours continues

Search for Colombia earthquake survivours continues

August 12, 2026
Egypt, Czech Republic probe expanding bilateral co-operation

Egypt, Czech Republic probe expanding bilateral co-operation

August 12, 2026
Tourists flock to erupting Mount Etna, raising safety concerns

Tourists flock to erupting Mount Etna, raising safety concerns

August 12, 2026
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, August 13, 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
  • 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
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
Egyptian Gazette
No Result
View All Result
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

Gazette Notifications

Would you like to receive notifications on our latest news ?

  • 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
  • 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.