Egypt’s Annual Inflation Rate Decreased to 38.5% in October ...Egypt

Image Credit: Exclusivo Egipto Egypt’s annual headline inflation displayed a notable decrease, registering 38.5 percent inflation in October – a drop from September’s 40.3 percent, its highest-ever level. The latest data, released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on 11 November, highlighted various factors contributing to this positive trend. Essential goods, such as grains and bread, experienced a modest 0.6 percent decline in prices during October. Additionally, there was a significant 2.9 percent decrease in fruit prices during the same period. Vegetable prices also went down by 2.5 percent, while alcoholic beverages and medical products experienced ma

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