August 11, 2022 1:52 PM

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Egypt's annual urban consumer inflation rises to 13.6 percent in July: CAPMAS

In Egypt, the annual urban consumer inflation accelerated to a higher than expected 13.6 percent year-on-year in July from 13.2 percent in June. According to data from the country's statistics agency CAPMAS, month-on-month, headline inflation increased by 1.3 percent in July compared to a 0.1 percent decrease in June. It said among the biggest annual price increases were food and beverages and hotels and restaurants. These included grains, bread, dairy products, and eggs. Local media reported that Egypt has been hurt by the increase in global commodity prices following Russia-Ukraine conflict.<br />''<br />''<br />

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