Egypt’s Monthly Inflation Rises by 1.6% in SeptemberSource: www.export-egypt.com 10/10/2022, Location: Africa |
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The monthly inflation rate inched up by 1.6 percent in September compared to August, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
On a monthly basis, inflation recorded 133.8 points in September, it added. Egypt’s annual inflation also rose to 15.3 percent in September, compared to 8 percent in the same month of 2021, CAPMAS said . CAPMAS attributed the rise in the monthly inflation rate to the significant increase in the prices of food and beverages by 2.1%, vegetables by 6.2 %, dairy, cheese and eggs by 4.4%, and meat and poultry by 1.8 percent. Prices of other commodities also increased by 4 percent, it further said. Meanwhile, CAPMAS said that the increase in annual inflation in September compared to the same month last year came as a result of the rise in prices of food and beverages prices that rose by 21.5 percent, along with increases in commodity and services prices; including clothes which increased by 12.8 percent, water, electricity, gas and fuel that went up by 6.5 percent. |
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