Egypt Inflation Grows to 4.7 pct in DecemberSource: Ahram Online 1/10/2013, Location: Africa |
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Egypt's annual inflation in December accelerated to 4.7 per cent, a slight growth over the preceding months, data from the official statistics agency showed. Inflation had recorded 4.3 per cent in November, its lowest level since March 2006. Prices of food and drink, which have the highest weight in the consumer price index, grew 6 per cent in comparison to December 2011 but dropped a 0.2 per cent below November 2012's figures. The overall inflation rate grew a meager 0.2 per cent on a monthly basis.
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