Thread by @EyeJoseph_

TRADITION ET INFLATION

For three years in a row (2020 - 2022) I have been craving a #galettedesrois from Clément (Zahlé) every 6th of Jan. Until I realized this fancy cake summons the gravity of the lebanese situation 1/n

This exciting observational study started in Jan 20 and ended in Jan 22 (3 months after #October17, 1 year after financial collapse two years later).

Thanks to the consistent kitchen method: ingredients and size (10 ppl only) flagrant #Biased have been successfully avoided 2/n

In 2020 the galette costed 87,500LBP. In 2021, it sold 4x higher at 360,000LBP.
In 2022 a #dollarization of the galette happened and sold at 55 USD. 3/n

The REAL value of this cake was steadily increasing 🔝 throughout the years. In 2020 the cake was 35$ worth. In 2022 it reached 55$. An increase of 157% of its initial value. #fresh @lebaneselollar @dan_azzi 4/n

N.B: Black market rates are the courtesy of @BLOMBANKLebanon

Happy Epiphany ✝️🍰 with an all-time low lebanese lira, but also an all-time high 🇱🇧 Market prices.

Got inspired to do an excel sheet @OmarTamo19

The End.

*Correction: the price in 2020 was 82,500 and not 87,500LL.

Astigmatism wins > Ophthalmologist 1-0

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