Cost pressure driving Edita to raise prices: Edita said it is going to raise prices by 20-50% amidst higher input costs following the EGP flotation. The company had told Reuters last month that it planned to raise prices but did not specify by how much and the newswire says the “decision points to challenges faced by firms around the country grappling with higher import costs and surging inflation.” Edita says it believes a “higher-inflation environment facilitates the pass-on of price increases in the long term as consumers are primed to expect price increases across all sectors.”