Good morning and welcome to Supply and Demand for Breakfast. I am Rania El-Sayed. For eight years I wrote economic reports in Cairo that were read by about forty people, all of them in finance. This show is for everyone else. Each week I pick one thing you buy before nine in the morning and use it to explain one idea properly. Today, bread. Specifically, a loaf of baladi bread, the flat round one, and what has happened to its price over ten years. By the end of this episode you will understand what inflation really is, why the number on the news never matches the number at your bakery, and why the usual explanation, that the government printed too much money, is only part of it. Pour your tea. You are listening on Witspeak Podcasts.