Egypt’s Inflation Rises to 14.9% as Ukraine War Persists ...Egypt

Egyptian Streets - News
Egypt’s Inflation Rises to 14.9% as Ukraine War Persists
source : Egyptian Streets ( Egypt ) () 15
Image Credit: Lady in Egypt Tours According to Ahram Online, Egypt’s annual inflation rate surged to 14.9 percent in April, significantly higher than the previous month’s 12.1 percent. The data, which was provided by the Central Agency for Public Mobilization and Statistics (CAPMAS), further detailed that Egypt’s urban areas are currently suffering from a 13.1 percent inflation rate. Egypt’s rising inflation rate is felt through the plethora of challenges the country continues to face, domestically and internationally.  The Russian war on Ukraine has destabilized the global economy, while also detrimentally cutting Egypt’s wheat reserves. The rising prices of food and beverages globally have

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