Egyptians' declining purchasing power despite positive indicators

What happened before and after this story. Background events not previously covered were summarised by AI.

1. 6 Mar 2024Background

   Egypt floats the pound and raises rates 600 points after IMF deal

   On 6 March 2024 Egypt's central bank freed the pound and raised rates by 600 basis points as an expanded IMF program of about $8 billion was announced.

2. 

   10 Nov

   Egypt's positive economic indicators, yet shrinking purchasing power: why?

   Official figures look upbeat, yet many Egyptians feel their money buys less. A new TV debate asks why the two don't match.