Wheat prices in Egypt have reached record highs, reportedly due to a combination of factors including a weak currency and rising fuel costs. The situation is part of a broader trend of rising prices in the global south, with various outlets citing the impact of global conflicts, including the war in Ukraine and possibly another unspecified conflict, on commodity markets. Egypt's overall inflation rate is also nearing 40%, with the government taking measures such as fixing the price of bread in an attempt to mitigate the effects of the price hikes.