Egypt’s urban inflation rises 0.1% in January: CAPMAS
Building of Central Agency for Public Mobilization and Statistics (CAPMAS) - YOUM7 (Archive)
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CAIRO: Egypt’s urban consumer inflation in January rose to 12 percent from 11.9 percent in the previous month, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Wednesday in its monthly report.

CAPMAS attributed this hike to increases in prices of some basic goods, mainly meat, poultry, and grains.

In October, 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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