An electric pressure cooker with both pressure cooking and air frying cooking, comprising a cooker body and a cooker cover that is capable of being covered on and engaged with the cooker body, wherein the electric pressure cooker with both pressure cooking and air frying cooking 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 and used for pressure cooking or a frying basket that is capable of being placed in the heat preservation housing and used 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;
- a drive assembly is further provided in the cooker body, and the drive assembly is capable of making a hot air circularly flow in the heat preservation housing and the reflex housing.