Image Credit: Wikimedia Commons Egypt’s annual inflation soared to an all-time high of 36.8 percent in June, according to data published by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday, 10 June. The country’s previous record, 34.2 percent, occurred in July 2017 – triggered by a sharp currency devaluation. The latest data reveals that inflation jumped an additional two percentage points from May’s 34.8 percent, and more than doubled since last year’s 14.7 percent. CAPMAS attributed the significant increase primarily to higher prices of food and beverages, which increased by 1.5 percent monthly and 64.9 percent annually in June. Annual urban consumer price infla
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