Abstract: An electric pressure cooker with both pressure cooking and air frying cooking comprises a cooker body and a cooker cover that is capable of covered on the cooker body; and further comprises a heat preservation housing provided in the cooker body, an inner pot that is capable of being placed in the heat preservation housing for pressure cooking or a frying basket for air frying cooking, a reflex housing disposed outside the heat preservation housing and a heating assembly provided in the heat preservation housing; the reflex housing is communicated with the heat preservation housing; the cooker body is further provided with a drive assembly that is capable of making the hot air circulate in the heat preservation housing and the reflex housing.