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Ramadan Treats Come Second to Savings as Egypt Buffeted by War

Bread is prepared at a bakery at a market in Cairo.

Bread is prepared at a bakery at a market in Cairo.

Photographer: Khaled Desouki/AFP/Getty Images

A week before Ramadan, Mahmoud Ali would normally be splashing out on Egyptian treats for his family but this year any spare cash is going into savings accounts.

Russia’s invasion of Ukraine has sent the cost of even basic foods like bread soaring, as the two countries now at war provided Egypt with most of its wheat. This week’s dramatic weakening of the pound looks set to spur further rises.