Page 45 - Issue-30-En

ELITE Vol.1, Issue 30, April 2021 Happy

Ramadan
but actually we’ll find that different aspects However, these hypothesis must be

accompanying the pandemic will also verified statistically and
increase the CPI so eventually The CPI in mathematically. Also supposing the

Ramadan will probably increase even rationality of the consumer, we
more: such as: cannot tell how individuals will
-The fact that we’re sitting at home and

we’ll have nothing to do but eat, -Some behave regarding these new
fear buying fast foods or purchasing ready- changes and how they will cope with

to-eat meals from stores or shops, it. Anyway it’s too early to tell or to
consequently more foods to buy and affirm these conclusions, all we’re

prepare at home which increases the sure of, is that Ramadan this year
quantities consumed of major goods, and won’t be as any other experienced

this increases their prices; - Also, first at before.
the beginning of the pandemic, people
anticipated that this crisis will cause a

decrease in the production sector and
decrease the supply of some goods, so

they hurried to the supermarkets and
bought stocks just in case…

Therefore we might conclude that the
effects of the month of Ramadan on the

CPI will be even more amplified with a
pandemic…
But in a scenario, where the restrictions

and distancing measures placed by the
government are lessened, we can expect a

huge increase in the number of outings
and gatherings, which is, by the way,

anticipated by the Egyptian Government
this Ramadan, and in this case, there

won’t be a drastic difference between
Ramadan Post- and after the pandemic
(Same lifestyle as before the pandemic, so

we’ll only have the seasonal effect of
Ramadan on the CPI)….

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