The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced, Thursday, that annual consumer price inflation in cities has risen to the highest level in more than five years. Inflation rose to 25.8 percent on an annual basis in January from 21.3 percent in December 2022. The median forecast of 14 analysts was for annual inflation to have hit 23.75 percent in January, up from 21.3 percent in December, which was the highest since December 2017. Egypt’s general inflation rate continued to rise in January after jumping to a five-year high in December, with prices continuing to rise after the Egyptian pound was depreciated several times over the past ten months. The gener
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