Rise in Egypt’s Annual Urban Consumer Price Inflation

published:18/06/2019 05:32 GMT

Egypt’s annual urban consumer price inflation increased to 14.1 % in May from 13 % in April, official statistics agency CAPMAS said on Monday, a rise that analysts said was greater than expected and attributed to rising demand for food products. Prices for food and non-alcoholic beverages rose 15.1 %, up from 13 %, CAPMAS said. Overall month-on-month inflation accelerated to 1.1 % from 0.5 %. Egypt is approaching the end of an IMF-backed economic reform program during which inflation rose as...More