Egypt’s annual consumer inflation goes up by 0.1% in December: CAPMAS
Building of Central Agency for Public Mobilization and Statistics (CAPMAS) - YOUM7 (Archive)
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CAIRO: Egypt’s annual urban consumer inflation in December 2015 rose to 11.9 percent from 11.9 percent in the previous month, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Sunday in monthly report.

CAPMAS attributed this hike to increases in prices of some basic goods, mainly vegetables, dairy products, fruits, clothes, and shoes.

In October, the annual inflation jumped to 9.7 percent from 9.2 percent in September, according to a CAPMAS report issued Nov. 10.

Inflation soared in Egypt last summer after the government cut energy subsidies by 40 billion EGP ($5.6 billion) in July 2014, raising fuel prices by up to 78 percent.

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