Inflation risks recall ghosts of Arab uprising

By Nizar Manek, 15 March 2013
(Financial Times) --
Inflation is on the rise in the Middle East and north Africa, bringing risks to consumption-driven growth and adding to political strains in the transitional countries least able to cope with them.
In Egypt, for instance, inflation increased from about 4 per cent in November to about 8 per cent in February (see chart) and may rise to 13 per cent or more in coming months, says Rachel Ziemba, head of emerging markets at Roubini Global Economics, in a note on Friday.