The monthly spending on food and drink in Egypt reached LE62 billion, according to official statistics issued by the government.
The average household consumption of food and drink amounted to LE19,229.2 in 2019-2020, representing 31.1 percent of the total annual household expenditure, compared to 35 percent in 2017-2018, data issued by the Central Agency for Public Mobilization and Statistics.
Meat topped the list, as the percentage of meat consumption out of the total consumption on food and drink reached 26.1 percent, compared to 26.4 percent in 2017-2018, the highest consumption rate in this group.
Vegetables came second place in terms of consumption at 16.2 percent in 2019-2020, followed by the consumption of cereals and bread by 13.7 percent and the consumption of dairy, cheese and eggs by 13 percent.
The food and beverage group accounted for the largest percentage of household spending, as it recorded 29.9 percent for families with small numbers between one and two individuals, 31.8 percent for families between five and six individuals, and 37 percent for families with nine members or more.
The highest percentage of spending on food and drink was by families supported by individuals in the 25-34 age group at 34.8 percent, the CAPMAS report said.
The percentage decreased to reach about 29 percent for heads of households aged 45 years old and above.
The “Fitch Solutions” research institution expects that the percentage of Egyptians spending on food and drink will increase during the next four years, by 8.3 percent, to exceed the trillion pound barrier by the end of 2025.