Egypt inflation quickens to 14.6%, the fastest in almost four years ...Qatar

Inflation in urban parts of Egypt accelerated to its fastest level since November 2018 on the back of higher food costs. Consumer prices climbed 14.6% from a year earlier in August, versus 13.6% the previous month, the state-run statistics agency CAPMAS said on Thursday. Food and beverage costs, which make up the largest single component of the inflation basket, jumped 23.1%. On a monthly basis, price growth slowed to 0.9% from 1.3% in July. Inflation in Egypt is likely close to peaking after a run-up in food and energy costs that followed Russia’s invasion on Ukraine and the pound’s devaluation in March. Increases in input prices for non-oil companies have already slowed sharply, according

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